For Immediate Release
The Hong Kong General Chamber of Commerce (HKGCC) welcomes today’s (10 April) announcement by the Commerce and Economic Development Bureau (CEDB) that the Hong Kong Export Credit Insurance Corporation (HKECIC) will introduce a new round of support measures to help Hong Kong exporters expand into emerging markets, following the U.S. decision to impose so-called reciprocal tariffs on Hong Kong.
The HKECIC has rolled out three key measures: extending free pre-shipment risk coverage for eligible SMEs; offering a 50% discount on pre-shipment risk coverage for other policyholders; and lowering premium rates for emerging markets to encourage diversification.
Chamber Chairman Agnes Chan said: “These measures will bolster confidence among Hong Kong businesses, particularly SMEs, in tapping into the vast growth potential of emerging markets – especially in ASEAN and the Middle East. Hong Kong’s agile SMEs are well-positioned to seize new opportunities and reduce reliance on traditional markets.”
Market diversification is crucial to mitigating economic risks and dependence on volatile markets. The Chamber will continue to engage closely with businesses and the Government to ensure the needs of the private sector are addressed.
Media inquiries: Please contact Ally Wan at 2823 1266 / ally@chamber.org.hk