As one of the world's most externally-oriented and open economies, Hong Kong is a hub for international services and trade. This is in no small part thanks to the work of the Trade and Industry Department (TID) to facilitate and support the development of trade and industry in Hong Kong.
TID has been actively seeking to expand Hong Kong's network of free trade agreements (FTAs). Recently, Hong Kong and Australia has signed an FTA and an Investment Agreement which provide Hong Kong traders and investors with legal certainty and more favourable access to the Australian market. TID has also been working closely with the Mainland to introduce further liberalisation measures under CEPA. Apart from the above, the Department administers various funding schemes and offers support services to local enterprises to enhance their competitiveness.
With the U.S.-China trade tensions and slowing global economic growth, how can the trade rise to the challenges they face? What support does TID offer to Hong Kong businesses, in particular SMEs? Salina Yan, Director-General of Trade and Industry, will address these and related issues during her talk at the Chamber as part of our "Town Hall Forum Series" on 17 June.