In an effort to enhance the trade agreement with India, especially in view of competition from mainland China, Hong Kong Trade Development Council (HKTDC) has sought participation and investment by Indian entrepreneurs in the tremendous business opportunities offered by it to spread its wings across Asia. Johnny Wan, HKTDC’s senior exhibitions manager, shared that Indo-Hong Kong trade, which went up by 45 per cent to US$ 8.9 billion in the first half of 2010, would further pick up pace in the coming months and attain new levels. In 2009, Hong Kong’s total trade stood at US$ 661 billion with India contributing US$ 12 billion.
Seeking to place itself as a land of investment and opportunities in comparison to Singapore and other cities of China, Wan said Hong Kong provided tremendous business scope for small and medium entrepreneurs (SMEs) to bag big export orders from international buyers at various exhibitions and fairs organised throughout the year on different themes. India is Hong Kong’s seventh largest trading partner.