The country will also “encourage” local companies to set assembly plants in India to boost economic ties.
An Electronics Megastore in Hong Kong-Shop sinobright
According to HKTDC, Hong Kong does not produce components itself and imports the same from China, the US, Japan, Korea, Taiwan, Malaysia. And this is where India can fit in, Raymond noted.
Raymond Yip, Deputy Executive Director, Hong Kong Trade Development Council cdroundtable
“We could import that from India because you produce some good components because we need components and parts to make products for exports,”
Broadway – An electronics chain store with several branches throughout Hong Kong yelp
However, on the bilateral trade front, Hong Kong expects a growth in exports to India, but sees imports from India to stay flat.
HKTDC, established in 1966, is a statutory body dedicated to promoting Hong Kongs trade in goods and services.