HKTDC warm up for World SME Expo in Hong Kong

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Kolkata, Sep 24 (UNI) The Hong Kong Trade Development Council(HKTDC) will organise Eighth World SME Expo from December 10 to 12 in a bid to bring the small and medium enterprises(SME) globally on a common platform by means of a one-stop marketplace.

Speaking at a seminar, jointly organised here today by Bharat Chamber of Commerce(BCC) and HKTDC, council's Regional Director (Southeast Asia and India) Loretta Wan said the exposition would provide a unique opportunity for the SMEs, representing around 60 countries, to make contacts and find business partners.

'' There will be business matching during the exposition through which the SMEs will get the chance to shortlist potential clients and partners most relevent to their business needs. The enterprises will represent all the industrial sectors in the globe, '' Ms Wan added.

While 4,048 Chinese mainland enterprises participated from 30 provinces and cities in the World SME Expo the previous year, 1,337 SMEs from 68 countries too part this time, she added. The HKTDC has eleven offices in China mainland, along with 40 offices in the world, including one in Mumbai.

Hong Kong, having a population of approximately seven million, is the globe's eleventh largest economy and third in Asia with a per capita GDP of about USD 28,000. It is also the third largest stock market in Asia and seventh in the world, Ms Wan said adding USD 37 billion was raised through initial public offer(IPO) in 2007.

Estimating that around 25 per cent of the India-China trade took place in Hong Kong, the regional director said adding 47 per cent of the foreign direct investment to China went through the Special Administrative region(SAR) under People's Republic of China.

Hong Kong became an SAR in 1997 after 150 years of British administration.

UNI SB SJC/src2028

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