17 Oct 2016
HKTDC MoU with India
WHAT: The Hong Kong Trade Development Council signed a Memorandum of Understanding (MoU) with the India Trade Promotion Organisation (ITPO) to strengthen economic partnership between Hong Kong and India, as well as increase bilateral commercial activity, particularly for small- and medium-sized enterprises.
WHEN: 4 October 2016
WHO: Margaret Fong, HKTDC Executive Director and LC Goyal, ITPO Chairman and Managing Director, signed the MoU in Hong Kong.
WHY: The agreement fosters cooperation in areas of mutual interest, including providing each other information related to trade promotion activities, encouraging businesses to join events organised by the HKTDC and ITPO, and identifying potential products and markets.
And You Can Quote Me:
“ITPO and the HKTDC have signed a path-breaking MoU on mutual cooperation to promote trade, especially among the SME sector. The partnership will also open new areas of growth for trade with ASEAN countries. The template of cooperation would pave the way for more such partnership agreements with new trade partners.” (LC Goyal, Chairman and Managing Director of ITPO)
“This MoU reflects the growing desire for deeper business links between India and Hong Kong, with our city serving as the gateway to the Chinese mainland and Asia for Indian companies. At the same time, Hong Kong enterprises see huge opportunities in India.” (Margaret Fong, Executive Director, HKTDC)