Economists' Pick- Highlight
15 Nov 2018
Established in 1995, the Guangzhou Restaurant and Catering Association is the most influential catering industry association in Guangzhou. It has served as a bridge between government and business operators since its inception and is instrumental in promoting the city’s catering trade and building up Guangzhou’s reputation as a gastronomic centre. Its president Qin Jianhong and secretary-general Fu Bo analyzed the catering trade in Guangzhou and how it is developing.
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.
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.