Seminar on expanding business, investment opportunities held in Hong Kong

Seminar on expanding business, investment opportunities held in Hong Kong, Yesterday, the Bangladesh Consulate in Hong Kong hosted an interactive seminar on increasing business opportunities between Bangladesh and Hong-Kong. The seminar was attended by about 60 representatives of the government of the Hong Kong Special Administrative Region, the Hong Kong Trade Development Council (HKTDC), various chambers of commerce/business bodies, various companies, SMEs, and start-ups.

Seminar on expanding business, investment opportunities held in Hong Kong

 

Seminar on expanding business, investment opportunities held in Hong Kong

 

The seminar titled “Expanding Business and Investment Opportunities between Bangladesh and Hong-Kong” at the Chinese Manufacturers’ Association of Hong Kong (CMA) was divided into two sessions, said a press release.  In the first session on “Promotion of business opportunities between Bangladesh and Hong-Kong”, the Consul General, Israt Ara delivered the welcome remarks.

In her speech, she shed light on trade and economic cooperation between Bangladesh and Hong-Kong as well as highlighted current economic and social performances of Bangladesh.  Referring to various incentives offered by the Bangladesh government for foreign investors, she encouraged the potential business persons of Hong-Kong to explore the business opportunities both in traditional and emerging sectors of Bangladesh.

Israt also assured them of all possible cooperation and support from the Consulate towards promotion of meaningful business ties between Bangladesh and Hong-Kong.  Two guest speakers named Dr Patrick Lau, deputy executive director, HKTDC and Dr Wingco Lo, JP, vice president, CMA in their remarks, emphasized on exchange of high-level visits between Bangladesh and Hong Kong.

 

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Dr. Wingco expressed that a delegation from the CMA would visit Bangladesh soon. A promotional video on Bangladesh was played in this session which captivated the attention of the audiences. Later a presentation on ‘Business and Investment Opportunities in Bangladesh’ was given by Vice Consul, Md Marzuk Islam.

In the second session, Felix Y.C. Chang, chairman and CEO, Evergreen Products Group Limited, Pauline Ngan, BBS, JP, Deputy Chairman & MD, Mainland Headwear Holdings Limited, and Calvin Ngan, MD, South China Bleaching & Dyeing Factory Limited shared their experiences in doing business in Bangladesh.

These three renowned and experienced investors highly appreciated the business friendly environment of Bangladesh and encouraged other potential investors, highlighting the competitive labour and production cost and other incentives prevail in Bangladesh comparing with Vietnam and Cambodia.

 

Seminar on expanding business, investment opportunities held in Hong Kong

However, they expressed their concerns regarding delay of receiving the Bond license and problem of HTS code verification and holding their containers at the port from time to time and they sought support from the government to resolve these problems. They also proposed for an Exclusive Economic Zone for the Hong Kong Investors like investors from other countries.

All the attendees, in general, expressed their admiration for Bangladesh’s socioeconomic development and congratulated the Consulate for setting up this “timely initiative” given Hong Kong’s recent reopening. It should be noted that this was the Consulate’s first physical event to promote commercial cooperation in more than two years due to social constraints relating to Covid-19 in Hong-Kong. The event came to a close with the speakers receiving a token memento, and the guests enjoyed some traditional Bangladeshi cuisine. Nakshi Kantha was among the traditional handicrafts and other items on display outside the seminar.

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