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New-look Annual Report tells an Action Story

The Trade Development Council (TDC) today (July 2) tabled its 2002/03 Annual Report in the Legislative Council. An interactive electronic version has been uploaded on its portal, tdctrade.com.

The Chairman, Mr Peter Woo, said that, beyond statutory reporting requirements, the Council's Annual Report was an important exercise in increased accountability to stakeholders.

"It contains details of the Council's plans for the coming year, as well as how we delivered in the past year," he said. "The report thus provides a yardstick against which stakeholders and customers can measure the Council's performance for themselves."

This year's Annual Report is presented in a new photo-driven format. Readers can see TDC in action as a dynamic organisation with a non-stop programme of activities and practical services to promote and enable small and medium-sized enterprises (SMEs). Short, informative captions make the report a quick and easy read.

The Chairman's introduction to the report is particularly relevant in light of the newly-announced Closer Economic Partnership Arrangement (CEPA).

"Hong Kong's future lies in its enviable economic relationship with the Chinese mainland - and the 'one country, two systems' agreement that protects our international standing," said Mr Woo. "The more China opens up, the more business there will be for Hong Kong".

Helping SMEs develop the Chinese mainland as a domestic market for goods and services is TDC's major priority. The Chairman's concept of Hong Kong plus the Pearl River Delta provided fresh marketing impetus in 2002/03. All this is vividly illustrated in the new Annual Report.

TDC spent nearly HK$1 billion promoting Hong Kong's external trade last year, considerably more than most other trade promotion organisations. It managed a slight surplus, despite severe pressure on its income and finances. For greater transparency, more financial information is furnished in this year's report. For example, the salaries and discretionary performance pay and other allowances of all Directorate members are disclosed.

The Annual Report is also available on the TDC's website at http://www.tdctrade.com/annualReport2003/index.htm.

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For press enquiries, please contact William Cheung of TDC's Corporate Communication & Marketing Department at 2584 4294.

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Content provided by Hong Kong Trade Development Council