Mrs. Lau said: “The unique benefits of Hong Kong as a worldwide financial hub and the business launch platform of Asia make it the perfect partner for Türkiye, Hungary and Egypt companies in expanding to the mainland, the Association of Southast Asian Nations (ASean) markets.
She added that Hong Kong offers unparalleled access to the mainland and the Asia-Pacific region through initiatives such as the Greater Bay Area and the free trade in Asan. The business-friendly environment of the city, the free capital movement and the robust innovation and technology ecosystem that organize nearly 10,000 companies from abroad and the mainland, and almost 4 700 start-ups, enables companies to innovate and grow.
Mrs. Lau will arrive in Istanbul tomorrow (11 May, Islannbul Time) to make contact with Turkish companies from different sectors that are interested in using Hong Kong as a springboard to grow in the Asia-Pacific region. She speaks at various events, including a business seminar from Istanbul Chamber of Commerce, a Business Board of Turkey Business Seminar, and meet Turkish media to emphasize Hong Kong’s corporate friendly free capital and a Common Law system under the “One Country, Two Systems” principle.
In 2024, Türkiye was the 30th largest trading partner of Hong Kong, Bilateral Wit Merchandise Trade between two places was HK $ 16.6 billion. The Hong Kong-Türkiye extensive avoidance of double tax agreement in 2024 improves tax security, which facilitates cross-border transactions.
Since the inclusion of Türkiye in the dedicated fund of Hong Kong on Branding, Upgraing and Interior Sales, you have supported the companies in Hong Kong that are expanding to the Turkish market. In order to further strengthen the bilateral activities, investing in January 2025 has set up a second office in Izmir to promote opportunities that Hong Kong offers to Turkish forces looking for regional expansion.
On May 13 (Budapest-time) Mrs. Lau will arrive in Budapest to meet large Hungary companies that would like to use Hong Kong as a regional Hub for expansion of Asia-Pacific. She will meet media to update them about the latest business environment and opportunities of Hong Kong. Mrs. Lau will also attend the Guangdong-Hong Kong-Macao Greater Bay Area Economic and Trade Cooperation Conference in Hungary.
In 2024, Hungary was the 33rd largest trading partner of Hong Kong and Arund 9.4 percent (HK $ 9.4 billion) of the total trading between Hungary and the mainland by Hong Kong. Hong Kong serves as a gateway for Hungary companies that focus on Asian markets, which uses his role as “Super Connector” under the Belt and Road Initiative, while Hungary benefits from the open investment environment of Hong Kong. Hungary Production, Technology and HealthTech companies can tap the lively innovation and technology ecosystem of Hong Kong, supported by global Capital and University of World Class, to grow in the Greater Bay Area in Asean and China.
On May 17 (Cairo Time), Mrs. Lau Cairo will visit to make contact with global Egyptian companies who would like to establish his activities in Hong Kong to seize opportunities in Asia-Pacific. She will also attend the Guangdong-Hong Kong-Macao Greater Bay Area Economic and Trade Cooperation Conference in Cairo.
In 2023, Investk signed at the Memorandum of Understnding with the General Authority for Investments and Free Zones of the Arab Republic of Egypt, which promises mutual cooperation about the exchange and support of investment promotion. In 2024, the bilateral merchandise trade between Hong Kong and Egypt amounted to an HK $ 2.1 billion, an increase of 5.4 percent compared to 2023.
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