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Hong Kong: Ideal trading hub for India

Feb 10, 2017
Hong Kong: Ideal trading hub for India

Johnny Wan, Director of Exhibitions Market Development, Hong Kong Trade Development Council (HKTDC), highlighted opportunities for Indian companies at the HKTDC’s world-class trade fairs during a press briefing in New Delhi recently. Wan underscored the robust bilateral trade relations between Hong Kong and India, adding that the Council’s trade fairs offered a good platform to boost business.

“India and Hong Kong have enjoyed close business relationship over the years. While Hong Kong is well-positioned to help enhance India’s external trade in global markets, the HKTDC plays an important role in boosting trade and strengthening bilateral links between India and Hong Kong,” said Wan.

India is Hong Kong’s seventh largest trading partner. In 2016, the value of bilateral trade reached around $26.9 billion, an impressive increase of 13 per cent over 2015. The trade relationship is particularly strong in pearls, precious and semi-precious stones, telecommunications equipment and parts, as well as finished jewellery.

In Hong Kong, the HKTDC organises more than 30 fairs annually, forming 11 largest marketplaces of their kind in Asia, with jewellery, gifts, watches and clocks, electronics and lighting being the largest of their kind in the world.