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China's Entry into the WTO and the Impact on Hong Kong Business

18 January 2000
Presented by Dr. Lily Chiang for the Technology Working Group

WTO Status

  • Bilateral trade agreements with Japan, the United States, Canada, Australia, New Zealand and South Korea.
  • Meeting with EU Jan 24th.

Technology Impact

  • Opening up of key sectors in china.

    - Reduced tariffs.

    - Telecommunications.

    - Information technology.

    - Entertainment.

    - Services (e.g., Banking, insurance) including e-commerce.

  • Intellectual property rights.

- TRIPS (Trade Related Intellectual Property) -- standards for intellectual property rights.

- Currently 90% of home video entertainment in 1998 is pirated.

Opportunities for Hong Kong

  • Importing and marketing of International goods.

- Marketing and educating the Chinese population on international products.

- Local manufacture and marketing for the China market (vs. international).


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