Hong Kong Trade Development Council Considers Reallocating U.S. Office to Expand into High-Value South American Markets

Stock News06-17

The Chairman of the Hong Kong Trade Development Council (HKTDC), Raymond Ma, stated in a media interview that the organization is planning to integrate and reallocate its global resources. The HKTDC currently operates 51 offices worldwide. One specific consideration is closing one of its three offices in the United States and redirecting those resources to reopen an office in South America, aiming to explore more high-value-added markets.

Ma emphasized that while a shift of resources from the U.S. to South America is under review, no final decision has been made. Regarding Central Asia, the HKTDC currently maintains an advisory office in Almaty, Kazakhstan, and is considering upgrading it to a full-fledged office.

As Hong Kong formulates its first-ever five-year plan, Ma indicated that the HKTDC will fully support efforts to strengthen Hong Kong's roles in trade, shipping, and finance. Another key focus will be assisting mainland Chinese companies in their global expansion.

Ma highlighted the HKTDC's 'Go Global' services, noting that mainland enterprises are developing rapidly and that their exportable goods and services are highly attractive in overseas markets. He believes that "Hong Kong's future lies in identifying which markets can be opened up."

He confirmed that the HKTDC will continue organizing trade missions to explore and develop new markets.

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