Whats the BUD Special Fund Free Trade Agreement Program

Starting from January 20, 2020, the BUD Special Fund has launched the Free Trade Agreement Programme (FTA Programme), that is incorporated in to the original ASEAN Programme (ASEAN Programme). In addition to the original ten ASEAN countries, It has also joined nine economies that have signed free trade agreements with Hong Kong, including Australia, Chile, European Free Trade Association countries (Iceland, Liechtenstein, Norway, Switzerland), Georgia, Macau and New Zealand, a complete of 19 economies. All successful applicants to these 19 countries or regions for BUD projects that meet the requirements can receive BUD funding.



Find out more: Free Trade Agreement Program

Free trade agreement
Since 2003, Hong Kong has signed Free Trade Agreements (FTAs) with multiple economies, with the purpose of rendering it easier for companies of both sides to enter each other? TVP顧問 and reducing trade barriers between them. The initial economy to sign a free of charge trade agreement with Hong Kong was Mainland China, also called the "Mainland and Hong Kong Closer Economic Partnership Arrangement" (CEPA), and later with the Association of Southeast Asian Nations (ASEAN) And the European Free Trade Association (EFTA), and also Australia, Chile, Georgia, Macau and New Zealand signed a free trade agreement. Until January 2020, the Maldives will undoubtedly be negotiated.

Summary of BUD Special Fund Optimization
The cumulative limit for the optimized Mainland plan and the free trade agreement plan is 2 million each
You can make an application for 20 times each, and each grant is bound to 1 million
The maximum initial funding is 75% of the funding amount
No dependence on independent bank corporate accounts as conditions for obtaining preliminary funding