Whats the BUD Special Fund Free Trade Agreement Program

Starting from TVP 科技券 , 2020, the BUD Special Fund has launched the Free Trade Agreement Programme (FTA Programme), that is incorporated into 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 aim of rendering it easier for companies of both sides to enter one another?s markets and reducing trade barriers between them. The initial economy to sign a free trade agreement with Hong Kong was Mainland China, often known as 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), together with 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 apply for 20 times each, and each grant is bound to 1 million
The utmost initial funding is 75% of the funding amount
No dependence on independent bank corporate accounts as conditions for obtaining preliminary funding