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The Secretary for Commerce and Economic Development, Mr Gregory So, addressing a breakfast meeting hosted by the Mexican Business Council for Foreign Trade, Investment and Technology in Mexico City today (August 27, Mexico City time), invited Mexican companies to make greater use of Hong Kong's unique advantages to tap business opportunities in Hong Kong and the "Belt and Road" countries.
Noting that Mexico and Hong Kong will launch negotiations on an Investment Promotion and Protection Agreement (IPPA), Mr So said it will encourage greater investment flow between the two places and take Mexico-Hong Kong trade relations to a new and higher level.
He added that with the Mainland's "Belt and Road" initiatives there are new business and investment opportunities in Hong Kong for Mexican companies. He encouraged Mexican businesses to make use of Hong Kong as an investment springboard when they venture into markets of the "Belt and Road" countries.
In addition to its role as an investment conduit, Mr So said Hong Kong can also serve as an excellent base to set up businesses and to tap into the markets of Asia and the Mainland, as Hong Kong is strategically located on the doorstep of Mainland China and the ASEAN region.
"Furthermore, Mexican technology companies are welcome to leverage on Hong Kong to enter Asia for market and research and development (R&D) activities. We have multiple edges including a sound legal system and intellectual property institution, outstanding R&D talents, excellent infrastructure and communication networks," he said.
Mr So also invited Mexican companies to take advantage of Hong Kong's role as the "super-connector" connecting Mainland China with the rest of the world, as well as its physical proximity with the Mainland, its first class infrastructure and its highly competitive business and professional services, so as to seize business opportunities in Asia, the Mainland and Hong Kong.
Ends/Thursday, August 27, 2015
Issued at HKT 22:20
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