Hong Kong Delegation To Visit Cambodia In July 2024 To Explore Economic Opportunities
A Hong Kong Trade Development Council (HKTDC) organised delegation, which will be led by Mr John Lee (Chief Executive of the Hong Kong Special Administrative Region), is visiting the Cambodian capital from 30-31 July 2024 and will feature a business event on 31 July 2024.
Hong Kong is an international finance, trade, investment and cultural exchange hub and is seeking to build upon the close relationship between mainland China and Cambodia by providing opportunities for Cambodian businesses to reach the mainland market. The visit to Cambodia builds on the success of previous ASEAN missions to Singapore, Malaysia and Indonesia in 2023 and Thailand in 2022.
The visiting delegation will include Hong Kong Special Administrative Region (HKSAR) government principal officials, as well as more than two dozen international, Chinese, and Hong Kong enterprise and conglomerate business leaders from the fields of finance and insurance; innovation and technology; professional services; infrastructure, transport and logistics; energy and hospitality.
The delegation will meet with local business leaders and corporations to explore business opportunities and attend a lunch event with members of the Cambodian business community and local chambers of commerce on 31 July 2024.
Dr Peter K N Lam, HKTDC Chairman, said, “Our aim with this visit is to strengthen the bond between Cambodia and Hong Kong, and in doing so expand the economic ties between Hong Kong and the ASEAN region. As this year marks the ASEAN-China Year of People-to-People Exchanges, this mission carries extra significance. Since its establishment in 1966, the HKTDC has prioritised building connections between Hong Kong and the world through business and trade. That includes Cambodia, where we seek to strengthen trade and investment relationships with the goal of fostering mutual prosperity and economic development.
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade and currently has 50 offices globally, including 13 in mainland China. The HKTDC "organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets.
Hong Kong & Cambodian Relations
Hong Kong and Cambodia have established trading ties, which In 2023, saw Cambodia become Hong Kong’s 7th largest import and export market in ASEAN, with a trade value USD $893.4 million.
Hong Kong is looking to support the growth of the private sector and the digital economy in the Kingdom and help it achieve resilient, sustainable development. Hence, the Hong Kong delegation is looking to collaborate and add value to drive growth to unlock opportunities for inbound and outbound Cambodian investments.
The Hong Kong delegation will also visit Laos and Vietnam to “strengthen trade and economic cooperation and cultural exchange between ASEAN and Hong Kong," which includes exploring opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through mutually beneficial collaboration under the Belt and Road Initiative.
This was based on a supplied press release. B2B Cambodia will be attending the HKTDC event on 31st July in Phnom Penh and will bring you more updates following the event.