Hong Kong’s best 5 Latin American buying and selling companions are Mexico, Brazil, Chile, Colombia and Peru in descending order. Lately, industry between Hong Kong and Peru has endured to develop. Alternatively, it’s simple that the whole industry quantity between the 2 areas is in truth rather restricted.
Consistent with figures from the Census and Statistics Division final 12 months, Hong Kong exported $3.5 billion price of products to Peru, of which telecommunications apparatus and portions accounted for 75%. Town imported about $1.7 billion of products from Peru, with end result and nuts taking the lion’s percentage. The 2 totalled simplest $5.2 billion, which used to be a long way much less in comparison to the tens of billions of bucks in industry between Hong Kong and Mexico. Even supposing we depend up all the Latin American area, industry between Hong Kong and Latin The us is insubstantial. Surely this case has to do with Hong Kong’s long-standing positioning.
On this planet financial machine, Hong Kong has lengthy performed a job as a bridgehead for the West in Asia. Its standing as a centre in 3 spaces, specifically delivery, industry and finance, has been serving Western pursuits to a big extent. Alternatively, as the arena’s extraordinary alternate pans out at an sped up tempo, Hong Kong’s position may be evolving. The adjustments within the geopolitical state of affairs during the last few years have witnessed Hong Kong moving from “Hong Kong of the West” to “Hong Kong of China”.
This doesn’t imply that Hong Kong is slicing all ties with the West. If truth be told, as a gateway to China, Hong Kong should stay dedicated to interacting and doing trade with the West. Additionally, Hong Kong should alter its position to align with the nationwide building technique and the evolving international alternate to discover new markets and alternatives. Hong Kong’s strengthening of cooperation with Latin The us and the signing of loose industry agreements with international locations like Peru should be understood by contrast backdrop.
China’s endeavour to develop into a advanced business nation is crucial pressure riding the once-in-a-century transition. As world financial and industry members of the family are present process a vital reshuffle, the complementarity of the industrial and industry relationships between China and Latin The us has develop into more and more distinguished. As crucial manufacturer of agricultural and bulk commodities, Latin The us may give China with numerous meals and uncooked fabrics, whilst China can provide several types of client items and trade investments in go back.
With the United States relating to Latin The us as its “unique yard”, the potential of Washington obstructing cooperation between Latin The us and China can’t be dominated out. As a gateway to the rustic, Hong Kong can play the position of a super-connector, in particular when Hong Kong is looking for to expand high-end delivery products and services and a commodity buying and selling marketplace. Deepening financial and industry cooperation and strengthening maritime exchanges between China and Latin The us can convey new alternatives to Hong Kong. The SAR government and the trade will have to benefit from this.
Ming Pao Editorial 2024.11.19: China and Latin The us’s financial and industry complementarity has modified during the last century, Hong Kong’s position
Latin The us has just lately develop into a level for heads of state to speak about multilateral financial and industry cooperation. President Xi Jinping first went to Peru to wait the Asia-Pacific Financial Cooperation (APEC), after which paid a state talk over with to Brazil and attended the G20 Summit. Hong Kong Leader Government John Lee additionally attended the APEC Summit and signed a loose settlement with Peru. industry settlement.
Hong Kong’s 5 greatest Latin American buying and selling companions are Mexico, Brazil, Chile, Colombia and Peru. Lately, industry between Hong Kong and Peru has endured to develop, however it’s simple that the whole industry quantity between the 2 puts is in truth rather restricted.
Consistent with figures from the Census and Statistics Division final 12 months, Hong Kong exported items to Peru price NT$3.5 billion, of which telecommunications apparatus and portions accounted for 75%. Hong Kong imported items from Peru price roughly NT$1.7 billion, with end result and hard-shelled end result being the most important pieces. The full of the 2 is simplest NT$5.2 billion, which is a long way from the tens of billions of bucks in industry between Hong Kong and Mexico. Even supposing all the Latin American area is mixed, the industry between Hong Kong and Latin The us is in truth now not very huge. This case is after all associated with Hong Kong’s long-term positioning.
For a very long time, Hong Kong’s position on the earth financial machine has been as a bridgehead for the West in Asia. The formation of the “3 main facilities” of delivery, industry, and finance has in large part served Western pursuits. Alternatively, as the arena’s extraordinary adjustments in a century boost up, Hong Kong’s position may be converting. The adjustments within the geopolitical state of affairs previously few years have witnessed Hong Kong remodeling from “Hong Kong of the West” to “Hong Kong of China.”
This doesn’t imply that Hong Kong will “bring to a halt” from the West any longer. If truth be told, because the gateway to the rustic, Hong Kong should proceed to be dedicated to coping with and doing trade with the West. Alternatively, Hong Kong should additionally alter its position to cooperate with the nationwide building technique and the evolution of the century-old adjustments to open up new markets and new alternatives. Hong Kong’s strengthening of cooperation in Latin The us and the belief of loose industry agreements with Peru and different international locations should be understood inside of this wide framework to make sense.
China strives to develop into a advanced business nation and is crucial pressure riding the arena’s adjustments during the last century. World financial and industry members of the family are dealing with a significant reshuffle, and the industrial and industry complementarity between China and Latin The us has develop into more and more distinguished. Latin The us is crucial manufacturer of agricultural, grain and bulk commodities, and may give China with numerous meals and uncooked fabrics, whilst China may give more than a few client items and trade investments.
America regards Latin The us as its “unique yard” and does now not rule out the chance that Washington will hinder cooperation between Latin The us and China. As a gateway to the rustic, Hong Kong can play the position of an excellent touch. Specifically, Hong Kong is looking for to expand high-end delivery products and services and a commodity buying and selling marketplace. Deepening financial and industry cooperation and strengthening maritime exchanges between China and Latin The us can convey new alternatives to Hong Kong. The SAR government and The trade will have to benefit from this.
■ Word list new phrases /
lion’s percentage : the most important portion
pan out : (of occasions or a state of affairs) to expand in a specific approach
backdrop : the overall stipulations by which an match takes position, which occasionally assist to give an explanation for that match
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