The MoU, which renews the one signed in 2018, intends to strengthen the economic partnership between Hong Kong and Thailand. The target industries include garment and fashion accessories and furniture among many others, the two entities said in a media statement.
HKTDC deputy executive director Benjamin Chau said: “The HKTDC and DITP are pleased to cooperate in organising exchange, training and marketing activities such as trade fairs, seminars and forums to facilitate communication and cooperation between the business communities of Hong Kong and Thailand. Under the renewed MOU, small-and-medium enterprises (SMEs) and start-ups in selected target industries of Hong Kong and Thailand will be encouraged to participate or feature in online platforms, mobile applications and trade fairs of the DITP and HKTDC to promote their products and services to international markets.”
Chau continued: “To help SMEs and start-ups capture the opportunities arising from the shift to online business, the two organisations will also enhance collaboration in the digital economy, such as in e-commerce promotions, webinars, virtual trade fairs and showcases, and online business matching activities, in order to provide enterprises with technology support and solutions to improve their capabilities.”
“To promote Thailand’s exports during the pandemic, Jurin Laksanawisit, Thailand’s deputy prime minister and minister of commerce, has progressive policies to enhance Thailand market access to the world. By providing multiple levels of SME training and new trade promotion techniques called ‘Mirror – Mirror’ which enables Thai entrepreneurs to exhibit their products at international trade fairs without attending in person. We are very happy to strengthen our cooperation with the HKTDC. We also look forward to our businesses taking part in a wider scope of HKTDC activities,” said Chanunpat Pisanapipong, trade commissioner and consul of Thailand’s DITP.
Thailand is Hong Kong’s 10th largest trading partner, with bilateral trade totalling $17.3 billion in 2020. Hong Kong exports to Thailand amounted to $6.3 billion last year while the city imported $11.1 billion worth of goods from the country.
ALCHEMPro News Desk (KD)
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