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1.
Promoting Exports
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મ
3.
Sales and Marketing
The Trade Development Council's (TDC) success in the past three decades in promoting international trade in goods makes it the ideal vehicle for helping Hong Kong develop external markets for its services. The TDC will expand its work in promoting trade in services, particularly exports of services.
Market Access
Hong Kong will use its position as a member of the World Trade Organisation to press for further liberalisation of trade in services. In conjunction with the business community, the Trade Department, together with the Hong Kong Economic and Trade Offices overseas, will identify and challenge restrictive practices which infringe the letter and spirit of the General Agreement on Trade in Services.
Export Credit Insurance
Export credit insurance facilities help Hong Kong's exporters reduce the risks involved in selling to markets overseas. Because such facilities are not usually provided by private insurers, the Export Credit Insurance Corporation (ECIC) has been providing this support to exporters for the past three decades. ECIC will tailor its facilities to meet the particular needs of exporters of services and market its facilities more vigorously.
Promoting Inward Investment
The Industry Department has been encouraging inward investment in manufacturing for 23 years very successfully. It is well placed to build on this important work in support of the services sector. The Industry Department, in conjunction with its seven overseas Industrial Promotion Units, will expand its role to provide advice and assistance to potential investors in Hong Kong's services sector.
Hong Kong as an International Financial Centre
The Government will continue to support the private sector in its drive to make Hong Kong the region's leading financial centre. This will mean encouraging the private sector in the development of new financial products and the provision of new services while, at the same time, maintaining the highest prudential and regulatory standards. The aim is to provide an open. fair and reliable operating environment in which Hong Kong's financial services and businesses can compete and flourish.