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Friday, August 22, 2008

SMEs told to tap HK, China building sector

MALAYSIAN small and medium enterprises (SMEs) should tap into Hong Kong and China's building and construction industry, which is recording one of the world's highest rates of growth, says the Hong Kong Trade Development Council (HKTDC).

"Hong Kong serves as an important and convenient entry point into Greater China, minus Taiwan, for Malaysian SMEs in the building industry," said HKTDC assistant executive director Raymond Yip in a statement issued on Tuesday.

"In addition, the implementation of the mainland and Hong Kong's Closer Economic Partnership Arrangement (Cepa) will enhance Hong Kong's importance for Malaysians targeting China.

"Under Cepa, businesses can gain a foothold in China while Chinese businesses see Hong Kong as a perfect springboard for mainland enterprises to reach out to the global market," Yip said as Hong Kong prepares to host the Third Hong Kong International Building and Decoration Materials and Hardware Fair from October 28 to October 31.

Cepa is the first trade agreement concluded by China and Hong Kong, with its main text signed in June 2003 while implementation takes effect from January 2008.

Organised by HKTDC and CIEC Exhibition Co (HK) Ltd, the fair will see both Hong Kong International Building Materials & Construction Equipment Fair and equally popular Hong Kong International Hardware & Home Improvement Fair run concurrently.

The trade shows have become an effective sourcing platform for both buyers and sellers targeting Hong Kong and China, with both fairs attracting more than 20,000 buyers from 113 countries and regions last year.

This year, the merged fair is expected to bring 300 quality exhibitors from around the world.

By New Straits Times

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