SCED: Hong Kong aims to create closer collaboration with Singapore and ASEAN as an entire (with images)
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The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (September 1) checked out Singapore to have exchanges with the political and company sectors to create an even more detailed relationship in between Hong Kong and Singapore, leveraging the complementary benefits of the 2 locations.
This year likewise marks the 30th anniversary of the facility of the Hong Kong Economic and Trade Office (ETO) in Singapore, a turning point highlighting the withstanding collaboration in between Hong Kong and Singapore, along with the Association of Southeast Asian Nations (ASEAN) as a whole.
Speaking at an event supper hosted by the Singapore ETO, Mr Yau stated that the Singapore ETO, which likewise covers Vietnam, Laos and India, is the very first ETO that Hong Kong has actually established in Southeast Asia, followed by the ones in Indonesia and Thailand, and ideally another one quickly in Malaysia. ASEAN is now the fourth-largest financial bloc on the planet and has actually likewise ended up being Hong Kong’s second-largest trading partner.
Keeping in mind that ASEAN is Hong Kong’s tactical partner at both the local and international levels, Mr Yau highlighted the significance of collaborations amongst economies particularly in unstable times, when disputes destabilise international relations, and tariff-induced unpredictabilities hamper world trade.
Mr Yau worried that the world economy in the long term is not a zero-sum video game and economies can grow together through development, financial investment and trade, and likewise develop brand-new worths, create brand-new wealth and chances hand in hand. He included that what exists amongst economies does not need to be competitors, it can be cooperation for a brighter and shared future.
Mr Yau likewise showed around 200 visitors from the federal government sector, Chinese and foreign embassies in Singapore, the Asia-Pacific Economic Cooperation, company associations, scholastic organizations and cultural organisations, and so on Hong Kong’s financial outlook and durable development in trade in spite of the tariff shocks. He included that sparing no efforts to deepen worldwide exchanges and co-operation, Hong Kong will create more collaborations with other economies. He likewise revealed thankfulness for the Singapore Government’s enduring assistance for the Singapore ETO and extended his congratulations to the 60th anniversary of the nation’s self-reliance.
Other noteworthy visitors of honour at the supper consisted of the Minister of State for Foreign Affairs and Trade and Industry of Singapore, Ms Gan Siow Huang, and the Chargé d’Affaires of the Chinese Embassy in Singapore, Mr Zhu Jing. Both acknowledged the efforts and accomplishments of the Singapore ETO over the previous 3 years and aimed for even closer co-operation in the years ahead.
The supper included pictures highlighting the Singapore ETO’s varied engagements over the previous 30 years. The Director of the Singapore ETO, Mr Owin Fung, kept in mind that through hosting top-level main sees, leading service delegations, and arranging occasions, online forums and cultural efficiencies, the workplace has actually promoted ever more detailed ties in between Hong Kong and ASEAN nations. An ensemble was likewise staged by young skilled artists from Hong Kong and Singapore utilizing a lively combination of Chinese and Western instruments to embody the “East meets West” spirit, multiculturalism and innovative energy of both locations.
In addition to participating in the event supper, Mr Yau previously in the day consulted with the Minister for Manpower and the Minister-in-charge of Energy and Science and Technology of Singapore, Dr Tan See Leng, to inform him on Hong Kong’s most current advancements such as the Northern Metropolis advancement, and the large company chances in Hong Kong and likewise the Guangdong-Hong Kong-Macao Greater Bay Area for Singaporean business. They likewise exchanged views on deepening cooperation in between the 2 locations in different locations to bring shared advantages.
Throughout the go to, Mr Yau likewise seized the day to get a much deeper understanding of the advancement and capacity of e-commerce in Singapore and ASEAN markets. Mr Yau checked out a household edutainment business specialising in providing enjoyable play activities for young kids’s knowing, social interaction and advancement. The business now has 4 outlets in Hong Kong and the 5th one will open quickly. Mr Yau had an excellent exchange with the business’s senior management and motivated the business to continue to utilize Hong Kong as a base to broaden company and take advantage of the Mainland market.
Mr Yau concluded his see to Singapore and will continue to Beijing tomorrow (September 2). He will go back to Hong Kong on September 3.