Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, spoke at the "Opportunities in Infrastructure and Public Private Partnerships (PPP) Sector in Asia for Canadian Companies" webinar hosted by the Hong Kong Trade Development Council (HKTDC) in Canada and other organisations on May 27. The webinar discusses opportunities for Canadian companies in the infrastructure and PPP sectors in Asia under the new normal.
In delivering opening remarks at the webinar, Ms Mo updated participants on the latest epidemic situation of Hong Kong and that the city is coming to the end of the fourth wave. "The Hong Kong Special Administrative Region Government’s multi-pronged strategy has worked to minimise imported cases, and its redoubled testing and contact tracing efforts have helped suppress the spread of the virus," Ms Mo said.
On the business side, Ms Mo pointed out that the "Five Connectivities" under the Belt and Road Initiative, namely policy, infrastructure, trade, finance and people, offered mutual beneficial interaction for Canadian companies in the infrastructure and PPP sectors. "To date, China has signed more than 200 co-operation agreements with some 140 countries and 31 international organisations under the Belt and Road Initiative. Last year, despite the pandemic, the contract value of newly signed overseas engineering projects came in about US$255 billion. China's non-financial outward foreign direct investment in 58 Belt and Road economies rose 18 %, year on year, to nearly US$18 billion," Ms Mo continued.
Ms Mo moved on to highlight Hong Kong’s active participation in the Belt and Road Initiative and the enormous business opportunities brought about by the Initiative. Under the "One Country, Two Systems" framework and the 14th Five-Year Plan approved by the National People's Congress in March, Hong Kong continued to benefit from the deepened economic integration with the Mainland of China.
Besides, for forward-looking companies that are considering expanding to China or Asia, the various favourable trading conditions offered under the free trade agreements signed between Hong Kong and the Mainland of China and between Hong Kong and ASEAN make the city well-positioned to partner with Canadian companies to venture into Asia.
Before closing, Ms Mo encouraged Canadian businesses to make use of the Hong Kong platform to seize opportunities in the infrastructure and PPP sectors in Asia and beyond.
Co-chaired by Gowling WLG Partner Mr Thomas Timmins and the Canadian Council for PPP President and CEO Mr Mark Romoff, the webinar was joined by other speakers including Asian Infrastructure Investment Bank (Investment) Director General Mr Rajat Misra, Institution of PPP Hong Kong Vice Chairman Ir Billy Tam, International Business Committee Chair Intelligent of Transportation Systems Society of Canada Mr Joseph Lam, HKTDC Director for Canada Mr Andrew Yui and C4P Inc President Mr Joseph Chaung.
網上研討會由Gowling WLG合夥人Thomas Timmins及加拿大公私營合作管理局主席兼首席行政總監Mark Romoff主持，其他講者包括亞洲基礎設施投資銀行（投資）總幹事Rajat Misra、香港公私營合作學會副主席譚偉強、加拿大智能運輸系統協會國際事務委員會主席Joseph Lam、香港貿易發展局加拿大代表芮紹能及C4P Inc總裁莊桂華。