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Statement from Mr. Peter Woo on the re-appointment of TDC Chairman
Hong Kong heading into a new era of opportunity

Responding to the Government's announcement, Mr. Peter Woo said that as the Trade Development Council enters its fifth decade next month, Hong Kong is heading into a new era of opportunity. "I look forward very much to our agenda next year at the TDC," Mr. Woo said.

Firstly, he said, TDC is committed to provide even better service to the business community, especially small and medium enterprises (SMEs). He noted that Hong Kong's future prosperity continues to depend largely on the ability of its SMEs to satisfy the mainland's accelerating demand for services and the desire of mainland enterprises to connect with overseas markets.

In geographical terms, TDC is helping Hong Kong SMEs to penetrate new regional markets, from Central and Eastern Europe to India, and through to the Middle East.

"It is also crucial to attract more international players to the Hong Kong platform for doing business with China and the region," he said. "We are excited about the success of the annual World SME Expo which each November brings SMEs from around the world to Hong Kong."

"Secondly, we aim to capitalise on the mainland's huge demand for technology," said Mr Woo. "Hong Kong has developed into Asia's leading technology marketplace. We should now become the mainland's best partner in the commercialisation, application and marketing of technology." TDC will boost its core programme with comprehensive initiatives to promote high-tech and creative industries, he added.

Thirdly, Mr. Woo said, Hong Kong's position as an international trade fair capital continues to be key to the SAR's ongoing success.

"The substantial expansion of the Hong Kong Convention and Exhibition Centre now underway is pivotal to maintaining Hong Kong's leading edge in the exhibition industry in face of keen competition from neighbouring cities.

"We look forward to further opportunities for Hong Kong to expand in capacity and critical mass in this respect," Mr. Woo said.

Mr. Woo took up his appointment as TDC Chairman in October 2000.

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