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BUSINESS                                                              October  2001 Issue


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Strengthening cooperation
in the Pearl River Delta

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Business leaders, government officials and academics from the HKSAR and Guangdong brainstorm on fundamental issues confronting strategic cooperation between the two areas at the Joint Hong Kong/Guangdong Economic Forum

Hong Kong businesses should not rely on the Mainland's low production costs to maintain their competitiveness, HKSAR Financial Secretary Anthony Leung told participants at the opening session of the Joint Hong Kong/Guangdong Economic Forum held on September 6.

quad6.jpg (28346 bytes)"As industrial development in Guangdong moves up the high-tech and high-value-added ladder, we need to look at cooperation between the two places from a new perspective," he said. "We should explore new opportunities for cooperation in areas such as high-tech industries, logistics services, professional services and tourism."

HKGCC Chairman Christopher Cheng said in his opening remarks that the Chamber had signed a MOU with Guangdong China Council for Promotion of International Trade (CCPIT) to support activities conducive to mutual economic development.

HKCSI Chairman Stanley Ko suggested that more opportunities could be created by enhancing integration of businesses and residents in the two areas. He also pointed out that facilitating the free-flow of talent across the border and strengthening logistics are important factors that need to be developed. Meanwhile, environmental protection should be jointly tacked by the Guangdong and HKSAR authorities, he added.

quad5.jpg (29631 bytes)Guangdong CCPIT Vice President Wu Xiaofeng told the audience that continuous bilateral cooperation in such a rapidly changing economic environment was vital to the health of the Pearl River Delta.

Jointly organized by the HKGCC, the University of Hong Kong and the Guangdong Sub-council of the CCPIT, the bilateral tripartite forum provided a platform for business leaders, senior government officials and academics on both sides of the border to brainstorm for ideas to enhance strategic cooperation and economic integration between Hong Kong and Guangdong.

Following the opening remarks, participants brainstormed possible solutions for various issues, including infrastructure, environmental protection, transportation, border and customs control, industry and trade, financial services, logistics services as well as professional services.

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