New Zealand is moving towards a co-production treaty with Hong Kong. The next step along the way will be an arrangement, at the ministry to ministry level (rather than government to government level of a full-blown treaty agreement).
The non-binding arrangement, possibly to be signed as soon as November, will be for co-operation between the audio-visual industries. The Hong Kong government apparently isn’t fond of “meaningless bits of paper”, and is seeking to bolster the substance of the arrangement with reference to specific activities.