Economists' Pick- Highlight
19 July 2018
Georgia, with its strategic location at the crossroads between China and Europe, is becoming a promising trading partner for Hong Kong as the free trade agreement between the two will enter into force by the end of 2018. Thanks to its open and business-friendly environment, as well as a vision to transform into a regional logistic and industrial hub, Georgia offers Hong Kong businesses great promise for trade and investment.
While e-commerce is still seen as in its infancy by many, the sector is on the verge of a wholescale revamp as AI, IoT and a range of customer relationship management tools are to be deployed to make it match-fit in the multi-channel world.
With the US ramping up trade tensions not just with mainland China, long seen as its prime adversary, but also with many of its closest allies, the export environment has seldom seemed so forbidding. For concerned Hong Kong businesses, however, there are a wide range of customs strategies, international regulations and export options that should allow them to ride out this particular storm.