The Investment Promotion and Protection Agreement (IPPA) signed between Hong Kong and Türkiye will enter into force on February 4, following the fulfilment of relevant internal requirements by both sides.
      
     Under the IPPA, the two governments undertake to provide investors of the other side with, among others, fair, equitable and non-discriminatory treatment of their investments, compensation in the event of expropriation of investments, and the right to free transfers abroad of investments and returns. The IPPA also provides for the settlement of investment disputes under internationally accepted rules, including arbitration.
      
     The Secretary for Commerce and Economic Development, Mr Algernon Yau, said, "By giving additional assurance of the protection of investment, the IPPA will enhance the confidence of investors and expand investment flows between Hong Kong and Türkiye, benefitting the economic development of the two places."
      
     "The Government is dedicated to expanding Hong Kong's global economic and trade networks and has been actively seeking to sign IPPAs or free trade agreements with emerging markets including potential partners in the Middle East and other regions along the Belt and Road. We have largely concluded the IPPA negotiations with Qatar, and good progress has been made for the one with Peru. Meanwhile, we are exploring the signing of IPPAs with Bangladesh, Egypt and Saudi Arabia," he added.
      
     Hong Kong has so far signed 24 IPPAs with 33 foreign economies. Apart from the one signed with Türkiye in October 2023, the other foreign economies include 10 member states of the Association of Southeast Asian Nations (namely Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam), Australia, Austria, Bahrain, Belgium, Canada, Chile, Denmark, Finland, France, Germany, Italy, Japan, Korea, Kuwait, Luxembourg, Mexico, the Netherlands, New Zealand, Sweden, Switzerland, the United Arab Emirates and the United Kingdom.

Ends/Wednesday, January 28, 2026
Issued at HKT 11:00

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