Hong Kong eyes trade with Australia beyond lobsters and wine

Published 2024년 9월 2일

Tridge summary

Hong Kong's financial secretary, Paul Chan Mo-po, is planning to broaden the region's trade and investment with Australia beyond traditional categories such as lobsters and wine. This is in line with Chan's upcoming first official visit to Australia in six years. In 2023, Hong Kong imported over HK$14.8 billion worth of Australian goods, primarily in agricultural produce, seafood, and beverages, with wine making up a significant portion. Chan aims to diversify this trade by focusing on emerging industries like biomedical technology, green energy, and fintech. The visit will also serve to bolster the already strong relationship between Hong Kong and Australia, with face-to-face meetings in Sydney and Melbourne to promote Hong Kong as a trading hub.

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Original content

Paul Chan Mo-po, Hong Kong’s financial secretary, has said he wants to expand trade and investment with Australia beyond staples including lobsters and wine. Hong Kong’s financial secretary makes his first official visit to Australia in six years this month. His goal is to build on an already healthy trading partnership between the region and Australia by encouraging investment in a wider range of industries in Hong Kong. In 2023, Hong Kong imported HK$14.8 billion worth of Australian merchandise, most of which was related to agricultural produce, seafood and beverages. Australian wine accounted for HK$1.4 billion of these imports, according to South China Morning Post, where this story was first reported. The country was also the second-largest source of Hong Kong’s imports in terms of value and the largest in terms of volume last year. Chan highlighted the significance of the wine industry in building a positive trade relationship with Australia. “We have connected a huge market ...

Source: Thedrinkbusiness