MOU signed at 11th joint meeting of the HKTBCC and the CTHKBCC

Taiwanese delegates and Chamber members attending the 11th Joint Meeting of the Hong Kong-Taipei Business Cooperation Committee (HKTBCC) and the Chinese Taipei-Hong Kong Business Cooperation Committee (CTHKBCC) on Dec. 13, voiced their concerns and aspirations on issues affecting business exchanges between Hong Kong and Taiwan.

Delegates were in agreement that the pace of economic restructuring brought about by the Mainland and Taiwan's entry into the WTO would result in numerous business opportunities arising.

They also believe Hong Kong's middleman role will continue to be enhanced as a financial, digital and logistics bridge between Taiwan and Mainland China.

Delegates also agreed that enterprises in Taiwan and Hong Kong should continue to expand cooperation exchanges in high technology, high-value manufacturing and service industries.

The fruit of the discussions at the meeting resulted in the signing of a Memorandum of Understanding which called for even closer cooperation between the two organisations.

Following the meeting, Joan Zheng, Head of Greater China Economics of JP Morgan Chase's Asia-Pacific Economic & Policy Research, was invited to speak on the Economic Outlook for Greater China (see page 29).

The joint meeting concluded with a networking dinner attended by over 100 guests from Hong Kong, Mainland China, Taiwan and the United States.

About the HKTBCC
The Hong Kong-Taipei Business Cooperation Committee (HKTBCC), chaired by Dr Lily Chiang, is a special bilateral committee under the Chamber. Its aim is to foster business relationships and to promote trade and investment between Hong Kong, Taiwan and the Mainland.