New Straits Instances
Economic uncertainty in America and all over the world has heightened awareness that there’s threat related to expanding into overseas markets. Hong Kong is a free port and doesn’t levy any Customs tariff on imports or exports, besides there are 4 sorts of dutiable commodities that are liquors, tobacco, hydrocarbon oil and methyl alcohol. According to the UNCTAD World Funding Report 2018, world FDI inflows to Hong Kong amounted to US$104 billion in 2017, ranked third globally, behind only the Chinese mainland (US$136 billion) in Asia.
That displays both its relative financial well being and growing concern that increased globalization means missteps overseas could harm its own financial system. In response to the Ministry of Science and Expertise, in 2016, Hong Kong was the 7th largest source of know-how imports for the Chinese mainland in terms of contract worth (US$879 million), accounting for two.9{bb439e5ff4dcab68f3d191aa2d9b0b6780575d3c07cfd7f6861b91f32670ad1c} of the overall.
The group of Karen refugees dwelling in Bendigo Victoria have contributed virtually $70m to the native economic system, with a brand new report highlighting the financial potential of regional refugee resettlement. Provide a complete of HK$250 million to Hong Kong Trade Improvement Council to help native enterprises in seizing alternatives arising from the …