Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, attended the 2019 West Coast Networking Reception organised by the Association of Chinese Canadian Entrepreneurs (ACCE) in Vancouver on May 23.
Speaking at the networking reception, Ms Mo highlighted that many investors are increasingly looking to the Asian market nowadays. She emphasized that market diversification is the direction of Canadian companies.
Ms Mo continued to introduce Hong Kong's unparalleled business advantages and as an ideal platform for doing business in Asia. "Possessing unique strengths under "One Country, Two Systems" and essential assets such as the rule of law, the independence of judiciary, low tax rate, strong professional services, etc., Hong Kong is now playing an increasingly significant role as a platform for doing business in Asia," she said.
Ms Mo supplemented that the Free Trade Agreement and the related Investment Agreement between Hong Kong and the Association of Southeast Asian Nations (ASEAN) would come into force next month. "These agreements are comprehensive in scope, encompassing trade in goods, trade in services, investment, economic and technical co-operation and dispute settlement mechanisms. Canadian companies can enjoy the facilitation measures if they use Hong Kong as a base or partner with Hong Kong businesses,” Ms Mo said.
Ms Mo went on to update participants that Hong Kong continued to be the gateway to mainland China. This role was strengthened by the commissioning of two major infrastructure projects in Hong Kong last year, namely the Guangzhou-Shenzhen-Hong Kong Express Rail Link and Hong Kong-Zhuhai-Macao Bridge, which greatly shorten the travelling time between Hong Kong and all cities in the mainland China.
Besides, she said that the Chinese Central Government promulgated the development plan for the Guangdong-Hong Kong-Macao Bay Area earlier this year in which Hong Kong is one of the core cities in the development plan. "This would imply that a lot of new opportunities will be created to the people and businesses in Hong Kong," Ms Mo added.
Before closing, Ms Mo took the opportunity to congratulate ACCE on its 25th anniversary and was delighted to partner with the association to promote trade relations between Hong Kong and Canada over the years.