Hong Kong Update
 Hong Kong Economic and Trade Office - Canada  

Spring 2009 Issue_

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Hong Kong-Alberta: Further Collaboration Explored
Canadian entrepreneurs could benefit from many advantages offered by the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and the Mainland. This was one of the messages heard by Deputy Premier and Minister of International and Intergovernmental Relations of Alberta, Mr. Ron Stevens, on his recent visit to Hong Kong.

In a meeting with the Hong Kong's Secretary for Commerce and Economic Development, Mrs. Rita Lau, Mr. Stevens explored further opportunities for Alberta businesses to work with Hong Kong companies to tap the potential of the China market.

A meeting to encourages Alberta companies to take advantage of the CEPA Alberta and Hong Kong enjoy strong business and social ties stretching back many years. Alberta has had a Hong Kong Office since 1981, helping numerous Alberta companies establish and expand their presence in the region.

The Alberta-based Banff Centre has a MOU with the Hong Kong Cyberport on R&D, scientific and professional exchange, and the fostering of technology and business partnerships of SMEs in the digital media sector in Hong Kong and Alberta.

Hong Kong also welcomed the establishment of the Alberta International Business Partnership Programme Office at Hong Kong's Science Park in November 2008. With its Biotechnology Centre, Solar Energy R&D Support Centre, and many other resources, Hong Kong Science Park offers infrastructure and service support for Canadian firms to develop and commercialise their innovative ideas to tap into the huge China market, as well as Asian regions.

Mrs. Lau and Mr. Stevens exchanged views on further collaboration between the two economies in the sectors of commerce and trade and innovation/creative industries. Mrs. Lau took the opportunity to fully brief Mr. Stevens on the potential afforded by the recent expansions to CEPA, including the mining sector, which is of particular interest to Alberta.


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