Economists' Pick- Highlight
12 Nov 2018
With more than 600 Australian companies having a presence in Hong Kong, the community unanimously pointed to the importance of Hong Kong’s role in helping Australian businesses excel in the Chinese market as well as in its wider expansion to Asia. This article features stories of four Australian companies from different industries using Hong Kong in different ways, illustrating Hong Kong’s strengths as an ideal hub for Australian businesses.
Established in 2013, as a new online platform focusing on the catering sector, Canyin Laoban Neican (www.watcn.com) provides industry news and information as well as management services to business owners, entrepreneurs, and supply chain service providers in the catering business in China. It also offers a diverse range of other services aimed at the growth and promotion of catering companies, including education and training, investment, and the promotion of brand chain and brand nurturing.
While the North American free trade area will remain essentially intact under the new USMCA deal that will replace the 24-year-old NAFTA, products will generally face more demanding compliance requirements for duty-free treatment. To cope with the more stringent origin rules and limit on the use of foreign components, Hong Kong businesses should ensure they are aware of the new deal’s key changes and impacts on their exports.