HK Economy- Highlight
28 Feb 2018
Under the Macau SAR Five-Year Development Plan, Macau is set to take its role as a service platform for commercial and trade co-operation between China and the Portuguese-speaking countries (PSCs) to a new level. While Macau’s role as a platform is still at the development stage, the development of the Guangdong-Hong Kong-Macau Bay Area should encourage Hong Kong to use the platform of Macau to build up a commercial and trading network with the PSCs, particularly among SMEs.
India was Hong Kong’s third largest export market in 2017 and its fourth largest market for electronics and electrical parts. But with India determined to strengthen its electronic clusters and boost domestic production via its Phased Manufacturing Programme, hoping to bring down electronic imports to a net level of zero by 2020, this will have an impact on Hong Kong suppliers of affected items.
The amendments relating to intellectual property arbitration come into operation on 1 January 2018. The amendments will help clarify the legal position under Hong Kong law, thereby attracting parties to resolve their IPR disputes by arbitration in Hong Kong. HKIAC ranked first for location, value for money, helpfulness of staff and IT services by Global Arbitration Review (GAR) Hearing Centres Surveys 2016, 2017 and 2018.