Hong Kong a big attraction for Indian suppliers

Hong Kong a big attraction for Indian suppliers

The Hong Kong Trade Development Council (HKTDC) was established in 1966, and serves as a statutory body dedicated to promoting Hong Kong trade. Its mission is to create opportunities for Hong Kong companies

The Hong Kong Trade Development Council (HKTDC) was established in 1966, and serves as a statutory body dedicated to promoting Hong Kong trade. Its mission is to create opportunities for Hong Kong companies, especially small and medium-sized enterprises, by promoting trade in goods and services globally. With more than 40 overseas offices, including 12 on the Chinese mainland, the HKTDC promotes Hong Kong as a comprehensive business platform that is increasingly recognised as Asias central business district. Through a spectrum of promotional activities, the HKTDC offers a variety of platforms and business-matching services, connecting small and medium-sized enterprises in Hong Kong with business partners from all over the world.

Hong Kong has a special link with India in many areas of trade. In order to give a boost, it has taken special initiatives. Benjamin Chau, Deputy Executive Director of HKTDC was in India recently. He is highly optimistic about the future growth in trade between the two countries. He says India has a special place in his mind & heart.

Benjamin Chau spoke to Samuel Joseph, Editor of The Indian Textile Journal, in an exclusive interview.

Excerpts:

SJ: How do you look at the business between Hong Kong & India in the coming years? Which are the product segments that are likely to play a key role in the trade boost between the two countries?
Benjamin Chau: India has been one of the Hong Kongs major sources of imports as well our important export market. Amid the global economic uncertainty, we are glad to see a strong bilateral trade remain between two economies. In 2013, India was the fourth largest export market for Hong Kong. Hong Kongs total exports to India rose 7.9 per cent to US $10.7 billion for that period. Major export items included pearls, precious & semi-precious stones (40.5% share), telecom equipment & parts (29.1%), silver & platinum (9.3%), computers (3.5%) and electrical apparatus for electrical circuits (1.5%).

On the other hand, India was Hong Kongs eighth largest source of imports in 2013. Hong Kongs imports from India rose 6.7 per cent to US $11.2 billion for the period. Major import items included pearls, precious & semi-precious stones (76.3% share), jewellery (10.2%), leather (3.3%), textile yarn (1.3%) and telecom equipment & parts (1.1%).

We are also glad to see that India has been growing to one of Asias most significant countries. Indias middle class is expanding with increasing spending power which generates tremendous trade opportunities and poses great impact on the regional economy.

Hong Kong is the regions trade fair capital. In 2013, HKTDC organised more than 30 fairs, nine of which are the largest of their kinds in Asia and three are the largest of their kinds in the world. Those three are the Hong Kong Gifts & Premium Fair, Hong Kong Watch & Clock Fair, and Hong Kong Electronics Fair (Autumn Edition).

The 30 fairs organised by HKTDC have attracted some 32,500 exhibitors (%) from 82 countries and regions and around 680,000 international buyers (%) from 189 countries and regions. The figures not only speak for themselves of their scales but also imply immense trading opportunities.

In addition, the numbers of overseas and emerging buyers recorded a year-on-year increase of 5.3 per cent and 8 per cent respectively. Notably, buyers coming from emerging markets to HKTDC fairs for product sourcing are increasing, 8,475 buyers of which came from India, representing a 5 per cent growth. Likewise, for exhibitors, there was also an increase in the number of exhibitors coming from India to tap into the opportunities. In 2013

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (32)
  • comment-avatar

    very nice post, i undoubtedly enjoy this excellent website, continue it

  • comment-avatar

    common prescription allergy pills does benadryl make you sweat exact allergy pills

  • comment-avatar

    top 10 sleeping pills nz phenergan 25mg tablet

  • comment-avatar

    order prednisone 20mg pills order prednisone 10mg online

  • comment-avatar

    best over counter nausea medication order frumil

  • comment-avatar

    cause of pimples in adults buy omnacortil 5mg best pimple treatment for teens

  • comment-avatar

    prescription only allergy medication methylprednisolone over the counter names of prescription allergy pills

  • comment-avatar

    order isotretinoin 20mg generic purchase accutane pill buy accutane pills for sale

  • comment-avatar

    strongest sleeping pills uk purchase provigil generic

  • comment-avatar

    buy azithromycin without a prescription zithromax usa buy zithromax

  • comment-avatar

    order azipro 250mg online azipro 250mg pill azipro sale

  • comment-avatar

    order lasix 100mg for sale order lasix 100mg generic

  • comment-avatar

    amoxil buy online where can i buy amoxicillin buy generic amoxicillin 1000mg

  • comment-avatar
  • comment-avatar

    zanaflex ca tizanidine 2mg cheap tizanidine where to buy

  • comment-avatar

    semaglutide for sale rybelsus drug buy rybelsus online

  • comment-avatar

    buy generic prednisone 10mg deltasone 5mg drug deltasone 40mg drug

  • comment-avatar

    order rybelsus 14mg for sale buy cheap rybelsus order rybelsus for sale

  • comment-avatar

    absorica order online accutane 40mg brand accutane us

  • comment-avatar

    amoxicillin uk purchase amoxicillin online cheap how to get amoxicillin without a prescription

  • comment-avatar

    purchase augmentin pills augmentin 375mg price amoxiclav tablet

  • comment-avatar

    furosemide 40mg generic how to get lasix without a prescription furosemide 100mg tablet

  • comment-avatar

    order sildenafil 50mg generic order sildenafil 50mg sildenafil 100mg pills for sale

  • comment-avatar

    internet roulette play roulette for free real online casino

  • comment-avatar

    cost vardenafil 10mg vardenafil ca vardenafil 20mg sale

  • comment-avatar

    purchase lyrica pregabalin brand purchase pregabalin online cheap

  • comment-avatar

    triamcinolone 4mg pill order aristocort 4mg sale brand triamcinolone 10mg

  • comment-avatar

    canadian pharcharmy online cialis see
    cvs pharmacy [url=http://canadianphrmacy23.com/]more help[/url]

  • comment-avatar

    buy loratadine pill claritin generic buy loratadine 10mg online cheap

  • comment-avatar

    how to buy zovirax allopurinol 300mg oral zyloprim 300mg pill

  • comment-avatar

    canadian pharmacy viagra online Canadian Pharmacies Online canadianphrmacy23.com
    http://www.onlinepharmaciescanada.com [url=http://canadianphrmacy23.com/]canadian pharcharmy online http://canadianphrmacy23.com/%5B/url%5D

  • comment-avatar

    domperidone pill brand sumycin 500mg buy sumycin generic

  • Disqus ( )