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Commerce and Industry
Government Electronic Trading Services
The Government Electronic Trading Services allows the trading community to submit key trade-related documents to the government electronically to fulfil statutory obligations in a cost-effective and environment-friendly manner. Three government-appointed operators selected by open tender provide the services. They processed more than 19 million transactions in 2020.
Trade Single Window
The government is setting up a Trade Single Window to allow one-stop lodging of all 50-plus. types of trade submissions with the government for trade declaration and customs clearance purposes. All the 14 types of trade documents under phase 1 have been launched.
Trade and Industrial Support Organisations
Hong Kong Trade Development Council
The statutory HKTDC promotes, assists in and develops Hong Kong's external trade. With 50 offices globally, including 13 in the Mainland, it promotes Hong Kong as a two-way global investment, trade and business hub.
The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the Mainland and international markets. It also provides business support programmes, up-to-date market insights and product information via trade publications, research reports and digital news channels.
Hong Kong Export Credit Insurance Corporation
The statutory Hong Kong Export Credit Insurance Corporation encourages and supports export trade by providing insurance protection for Hong Kong exporters against non-payment risks arising from commercial and political events.
As a result of the global economic contraction caused by the COVID-19 pandemic, the corporation's total insured business and gross premium income respectively slipped by 1.2 per cent to $123.2 billion and 3.3 per cent to $286.7 million in 2020, while payment of claims rose by 56.3 per cent to $647 million. In response to the pandemic's challenges, the government introduced through the corporation on 8 June the 100% Credit Limit Top-up Scheme to strengthen the insurance protection available to Hong Kong exporters.
Other Trade and Industrial Support Organisations
The Federation of Hong Kong Industries, Chinese Manufacturers' Association of Hong Kong, Hong Kong General Chamber of Commerce, Chinese General Chamber of Commerce, and Hong Kong Chinese Importers' and Exporters' Association promote the interests of, and foster relationships among, their members. There are also overseas chambers of commerce, and other associations representing specific sectors or interests.
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