On April 26th, Chen Guoji, the Chief Secretary for Administration of the Hong Kong Special Administrative Region, attended the “Opportunities Hong Kong” themed interview event and stated that the tariff war initiated by the United States poses both “danger” and “opportunity” for Hong Kong. It reallocates global capital and attracts foreign companies and funds to Hong Kong, “he said. The Hong Kong SAR government is exploring investment agreements with Saudi Arabia, Bangladesh, Egypt, and Peru, and is also working with the business and professional services sectors to explore potential markets in Central Asia, South Africa, North Africa, and other regions. We will no longer rely solely on the US market. We will strengthen international exchanges and cooperation, actively deepen regional cooperation, and ensure that trade within the region is not affected by US tariffs. We can expand, deepen, and broaden our trade, “said Fan Wan’er, Director of Research at the Hong Kong Trade Development Council, in an interview. In recent years, Hong Kong’s exports to the US have decreased, while demand for exports from other markets has increased. Therefore, although the US has raised trade tensions by wielding its tariff stick, it has little impact on Hong Kong’s export business.
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