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HKTDC welcomes Government decision on HKCEC Phase III

15 October 2008 - The Hong Kong Trade Development Council (HKTDC) warmly welcomes the Government's decision as communicated in the 15 October 2008 Policy Address to examine the feasibility of a Phase III expansion of the Hong Kong Convention and Exhibition Centre (HKCEC) at a nearby site.

HKTDC Chairman Jack So said that the exhibition industry is an important part of Hong Kong's external trade, and plays a critical role in maintaining Hong Kong's leadership as the region's trade fair capital in view of increasing competition from neighbouring cities.

"Trade remains an important pillar of Hong Kong's economy, particularly amidst the current financial turmoil around the globe," Mr So said.

Mr So said that at least seven mega trade fairs now held at the HKCEC were already among the largest of their type in the world. "Yet thousands of potential exhibitors, many of them Hong Kong SMEs, are being turned away due to the lack of space at this venue," he said.

"We need a downtown venue with a combined exhibition area of no less than 100,000 square metres in order to satisfy demand and to stay in competition. When the current Atrium Link Expansion to the HKCEC is completed in spring 2009, the total exhibition space will add up to 66,000 square metres. This downtown venue is still lagging behind most of the venues in the region in terms of size.

"A further expanded HKCEC would allow more SMEs to promote their products and services to international buyers at trade fairs, which are one of the most cost-effective ways for them to secure orders," Mr So said.

He added that the HKTDC would work together with the Government to move forward the Phase III proposal. "We will also work closely with the community, the Wan Chai District Council in particular, in coming up with a solution acceptable to all."

The HKTDC Chairman also supports the following initiatives raised by the Chief Executive in his Policy Address:

Exchanges with Taiwan

Taiwan is an important market for Hong Kong. With the HKTDC's new office in Taipei expected to be in operation soon, the HKTDC will strengthen its efforts in fostering closer economic ties between Hong Kong and Taiwan. Emphasis will be given to promoting Hong Kong's services to the Taiwan market, with priority in financial services, logistics, infrastructure and real estate services, professional services, as well as cooperation in technology development and the entertainment field.

Wine trade

The HKTDC supports the Government's various measures to promote the development of wine-related businesses. Following the success of the first Hong Kong International Wine Fair held in August, the HKTDC has moved to make the fair a recurrent annual event in order to facilitate the increasing wine trade in the region. The next Wine Fair will be held in November 2009.

Cooperation with Guangdong

The HKTDC supports the Government's closer cooperation with Guangdong, which is the most important economic hinterland for Hong Kong's services industry. The HKTDC will step up its promotional efforts in assisting Hong Kong service providers to explore the Guangdong market now that a number of services have been allowed to enter Guangdong as a testing ground under the latest edition of CEPA.

The Hong Kong branding

The HKTDC will support the Government's efforts in strengthening collaboration among agencies, including the HKTDC, which are responsible for promoting Hong Kong overseas and developing strategies for city branding and publicity.

Media enquiries
William Cheung Tel: (852) 2584 4294     Email: william.cheung@tdc.org.hk

About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.hktdc.com


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