Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2012-13
Question : With regard to the role of the Hong Kong Trade Development Council in helping Hong Kong companies embrace the opportunities arising from Japan’s reconstruction in the aftermath of the earthquake, what has been done specifically? What are the projects related to tourism? How much manpower and resources are involved in these projects? Asked by : Hon. TSE Wai-chun, Paul Reply : After the earthquake in Japan, the Hong Kong Trade Development Council (TDC) and Hong Kong - Japan Business Co-operation Committee co-organised a high level business delegation to Japan in July 2011 to better understand the latest situation after the disaster. A Hong Kong- Japan Economic Summit was also held in September 2011 to brief the Hong Kong business community about the economic situation in Japan and to enable businesses on both sides to explore new opportunities. In response to the latest development in Japan, the TDC has developed 7 strategies to help Hong Kong companies capitalise on business opportunities arising from Japan’s reconstruction in the aftermath of the earthquake. As part of the strategies, TDC organised more Japanese buyers’ missions to visit trade fairs in Hong Kong as well as Hong Kong business delegations to visit Japan etc., covering sectors such as garments, fashion accessories, medical equipments, gifts, houseware, toys, pet supplies, food, electronics and environmental protection products industires. Details of TDC’s strategies are as follows:- 1. to encourage Japanese companies to relocate their manufacturing bases to the Mainland and set up regional headquarters in Hong Kong; 2. to provide customised business matching service to encourage Japanese enterprises to source from Hong Kong suppliers, with a view to targeting at Japan’s huge demand for relief-related items for its reconstruction programme; 3. to encourage Japanese enterprises to expand business to the Mainland and Asia via Hong Kong, so as to minimise the adverse effects brought about by the shrinking domestic market in Japan; 4. to encourage Japan’s technology owners to export their technology and intellectual properties to the Mainland and other Asian countries, since they are now more willing to transfer their technologies overseas; 5. to encourage more Japanese enterprises to make use of Hong Kong’s fund raising capabilities; 6. to organise mega promotional activities in Japan to promote Hong Kong as an ideal platform for Japanese exporters to access the Mainland and Asian markets; and 7. to strengthen the cooperation with regional governments and associations in Japan to promote the edge of the Hong Kong business platform to Japanese small and medium enterprises. These activities have successfully helped Hong Kong companies to discuss business deals with over 1 000 Japanese buyers. The number of Japanese buyers attending TDC trade fairs in 2011 has also increased by 2% as compared with the previous year. The total budget for Japan’s reconstruction-related programmes in 2012-13 is about $45 million. Major activities in the programme include the following :-
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