HK Council to bring Chinese investors interested in Thai food processing

Economy May 18, 2016 01:00

By SUCHAT SRITAMA
THE NATION
HO

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THE HONG KONG Trade Development Council (HKTDC) plans, for the first time, to bring investors from China to meet with food processing companies in Thailand to boost investment as part of the Belt and Road initiative.



Raymond Yip, deputy executive director of HKTDC said it would bring 20 companies from Fujian province in China to meet 100-200 food-processing and agricultural companies in Thailand in October this year.

He said it would be the first time that HKTCD and the private sector in China would be joining forces for trade and investment overseas. This is a joint project of the “In Style Hong Kong” campaign and China’s Belt and Road initiative created to expand business cooperation between East and West, including Africa, the Middle East and Southeast Asia.

“Twenty companies in Fujian are interested in buying food from Thailand. We expect to invite 100-200 companies in Thailand for the talks,” he said.

He added that HKTDC also planned to organise a similar event in Jiangsu province. Hong Kong and China are working on the second project.

According to Raymond, Hong Kong is set to celebrate the first year of the Asean Economic Community. In Thailand, it will organise a large-scale signature event to promote mutual cooperation and tap the growth in this dynamic region, and opportunities in Asia as a whole.

The event will include a services symposium, discussing a range of important issues such as enhancing logistics competitiveness, access to finance, marketing capability, successful selling to China, and others. There will also be a series of citywide promotions to engage Thai consumers.

He added that Thailand is the second-largest economy in Asean, and was ranked second among emerging economies in Southeast Asia to do business in the World Bank’s Ease of Doing Business 2016 Report. In 2015, Thailand was Hong Kong’s third-largest export market within Asean, accounting for 18.1 per cent of total share in US$6.29 billion.

Thailand is a key logistics hub for multinationals setting up production bases and sales networks in Greater Mekong Region well-developed infrastructure.

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