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The Economy
Hong Kong has always been supportive of international efforts to enhance tax transparency and combat tax evasion, and has implemented international tax standards including the automatic exchange of financial account information in tax matters and the Base Erosion and Profit Shifting package promulgated by the Organisation for Economic Cooperation and Development.
Government Procurement
The government seeks to procure goods and services at the best value for money in a publicly accountable manner, adopting the principles of open and fair competition, transparency, innovation and integrity in its procurement practices. The Government Logistics Department is the government's procurement agent for goods and related services required by departments. In 2020, the department procured goods and related services amounting to $8.94 billion from 41 countries and territories, including Hong Kong.
Open tendering is normally adopted. The department maintains supplier lists of different categories of goods and services for sourcing. It publishes tender notices online and notifies relevant listed suppliers about open tenders. As Hong Kong, China is a signatory to the World Trade Organisation's Agreement on Government Procurement, tender notices covered by the agreement are also published in the Government Gazette and issued to consulates and overseas trade commissions where appropriate. Bidders may download tender documents and submit their offers online.
Websites
Financial Services and the Treasury Bureau (Treasury Branch): www.fstb.gov.hk/tb/en Government Logistics Department: www.gld.gov.hk
Office of the Government Economist, Financial Secretary's Office: www.oge.gov.hk
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