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 Home as it is to some of the world’s best merchandising specialists,
who are well-informed about China’s manufacturing environment and Western business practices and standards, it’s no surprise Hong Kong is
renowned as a unique sourcing platform for Canadian businesses.
The Director of the Hong Kong Economic and Trade Office in Canada, Mr. Bassanio So, made this point at a business workshop called “Hong Kong: Your Gateway to China”,
organized by the Canadian Association of Importers and Exporters (IEC) last October. Mr. So encouraged Canadian companies to use Hong Kong as their sourcing platform and make use of its unique advantages.
“Our sourcing expertise and professionals have made Hong Kong, Asia's
world city, the world’s 11th largest trading entity with a total merchandise trade amounted to US$586 billion in 2005," he said, adding
that Hong Kong is also home to many leading traders in the world – 16 of 17 Fortune 500 trading companies have a Hong Kong presence.
Mr. So pointed out that, as the window to sourcing in Mainland China,
Hong Kong handles about 195 of China’s imports and 22% of its exports,
and more than 75% of international buyers of consumer products source
Chinese goods via Hong Kong. The city is also the largest investor in
each and every province in Mainland China, accounting for 46% of China’
s total foreign direct investment.
Hong Kong is also the eyes and ears for regional sourcing opportunities
in the Greater China area and the Asia Pacific region because, as Mr.
So pointed out, “it provides capital, management, world-class infrastructure, transport and communications, connections to the
international business community and technology to foreign companies."
As many foreign companies who source from Hong Kong have discovered,
Hong Kong offers high levels of efficiency, the latest market information and extensive links to all major business destinations, as
well as proximity to Mainland China and an ever increasing and sophisticated supply base.
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