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 : What will the Hong Kong Trade Development Council (HKTDC) do to promote the services of Hong Kong in Taiwan and how will the promotions be expanded? Please advise on the details of the plan and the expenditure involved. Asked by : Hon. WONG Ting-kwong Reply : Since its establishment in April 2010, the Hong Kong-Taiwan Business Co-operation Committee has been serving as a platform for high-level business leaders from both Hong Kong and Taiwan to have regular dialogues. The cross-strait economic activities have been more frequent after the signing of the Economic Co-operation Framework Agreement in September of the same year. This has opened up a lot of new opportunities for Hong Kong’s business support services sector, including the logistics and supply chain management, arbitration, legal, accounting, financing, intellectual property protection etc.. The Taiwan Office of the Hong Kong Trade Development Council (TDC) will continue to promote Hong Kong’s services industry and encourage the Taiwan business sector to make good use of Hong Kong’s services platform to enter the Mainland market. The budget for TDC’s trade promotional work in Taiwan is estimated to be about $ 6 million in 2012-13. Major activities include the following - 1. to organise a business luncheon and forum during the plenary meetings of the Hong Kong – Taiwan Business Co-operation Committee to explore opportunities in the areas of trade and investment; 2. to organise two-way cross-sectoral or sector-specific missions, supplemented by business matching services; 3. to host a series of service seminars in various cities of Taiwan to promote the advantages of Hong Kong’s services industry and forge the formation of strategic alliances between Hong Kong service companies and their Taiwan counterparts to jointly develop the Mainland market; 4. to encourage the Taiwan business sector to participate in TDC’s mega trade activities, including the Asian Financial Forum, the Hong Kong International Film & TV Market, the InnoTech Design Expo, the Hong Kong International Licensing Show, the Asian Logistics and Maritime Conference and the Business of IP Asia Forum; and 5. to further encourage the small and medium enterprises in Taiwan to use the other services in Hong Kong besides financial services.
Question : During the past year, how did the Hong Kong Trade Development Council (HKTDC) help Hong Kong companies leverage on the opportunities arising from the post-quake reconstruction of Japan and what will HKTDC do in future in this regard? What were/will be the specific action plans and the expenditure involved/to be incurred? What are the expected benefits to be brought to Hong Kong and Japan? Asked by : Hon. WONG Ting-kwong 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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