Economists' Pick - Highlight
21 April 2017
Hong Kong possesses good fundamentals to serve the global e-commerce market. While there is still plenty of room for growth in the e-commerce area in developed markets, Hong Kong businesses should also observe the opportunities brought about by China’s Belt and Road Initiative and “Internet Plus” action plan, whereby Hong Kong businesses can sell to Belt and Road countries or provide related services such as logistics, payments and digital marketing.
In view of Vietnam’s new environmental protection laws, enterprises are calling on services to help treat various kinds of industrial waste and pollutant emissions. Hong Kong is home to players who excel in using environmental technologies which are developed to international standards. This is crucial in Vietnam, as the country still lacks a comprehensive management framework when handling more complicated environmental issues.
Two years ago, the China Import and Export Fair was chosen as the pilot zone for the trial of a new initiative, one designed to settle cross-border trade conflicts through an internationally-accepted mediation framework. Combining aspects of both mediation and arbitration, it is seen as a fast, effective and low-cost platform for resolving cross-border disputes. As the BRI and going-out initiatives continue to roll out, the demand for cross-border dispute resolutions will inevitably rise.