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The logistics sector in Hong Kong will continue to thrive, even in the face of greater competition, said Hong Kong’s Secretary for Economic Development and Labour, Mr Stephan Ip, at the Logistics Hong Kong Gala Dinner on May 18.
“That’s because we are constantly building on our logistics strengths, and are determined to excel in providing efficient, reliable and value-for-money logistics services,” he said.
Mr Ip was speaking at the first international logistics conference and exhibition staged and sponsored by the Hong Kong Logistics Development Council, or LOGSCOUNCIL.
He took the opportunity to outline Hong Kong’s natural strengths as a logistics centre, including its strategic location, deep-water harbour, its international outlook, close ties with China and the ‘One Country, Two Systems’ principle, under which Hong Kong maintains its own legal and judiciary system.
By nurturing its relationship with the Pearl River Delta region (PRD), Hong Kong has transitioned successfully from entrepot, to manufacturer, to services economy. The landmark Closer Economic Partnership Arrangement (CEPA), improved infrastructure and closer government links will, he said, “provide a new platform for this relationship to grow and mature over the next 10 to 20 years and beyond.”
At the same time, Mr Ip cautioned that greater business opportunities within the PRD will bring greater competition from other Mainland and overseas service providers. “This is what globalization is all about and this is the type of competition that we live and breathe in Hong Kong,” he said.
He pointed out that in 2003 Hong Kong’s container port retained its title as the world’s busiest, and that Hong Kong International Airport has been the world’s busiest cargo airport since it opened in July 1998. “Yet we continue to improve our facilities and services,” he said, “because we know there is no room for complacency.”
Other initiatives include development of a Value-Added Logistics Park and a Digital Trade and Transportation Network System to provide a neutral, secure interface for logistics players in the supply chain to exchange information and data.
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