The Regional Comprehensive Economic Partnership (RCEP) is a giant trade area extending from the fringes of the Arctic (Hokkaido, Japan, main picture) to the Antarctic (New Zealand) and encompassing the giant economy of Mainland China as well as Korea and the Association of Southeast Asian Nations (ASEAN) and Australia.
Hong Kong and Japan have a had long and fruitful business relationship. In addition to their mutual strengths in areas such as electronics and information technology, much of the recent business between the two places has focused on food, beverages and crafts.
As an international financial centre, Hong Kong is an ideal development base for many overseas enterprises – and the city’s attraction is enhanced by the comprehensive protection its intellectual property laws provide. Some well-known Japanese chain drugstores have chosen to open stores in Hong Kong, and have applied for trademark registration to enhance consumers' recognition of their brands.
Monmaya, which at 150 years old is the last wooden cabinetmaker of its kind in Sendai, Japan, opened a physical store in Happy Valley at the end of last year, hoping to use Hong Kong as a springboard to expand its business across Asia and beyond. This video shows the company’s craftsmen at work.
Japanese cuisine is a firm favourite with diners in both Hong Kong and Mainland China. Data from the Ministry of Agriculture, Forestry and Fisheries of Japan shows that the mainland has, for the first time become the leading market for Japanese food exports.
Tohoku, the northern region of Honshu Island, is a rich source of food, beverages and crafts. Producers in the region are eager to explore overseas markets, and bringing the products to Hong Kong consumers is creating opportunities for the city’s small and medium-sized enterprises (SMEs).
As business digitalisation accelerates, data and applications to store and process it grows in importance but can be expensive. Small and medium-sized enterprises (SMEs) may find outsourcing their data housing to professionally managed data centres is the most cost-effective approach.
As consumers became more cautious during the COVID-19 pandemic, a high-end fashion retailer moved forward by diversifying its offerings and expanding abroad with the help of the Hong Kong Trade Development Council (HKTDC).
Sales of consumer goods such as watches and clothing serve as a gauge for the economy. The worldwide COVID-19 pandemic made consumers cautious, but now, as markets begin to recover, Hong Kong watch brand Glitzy Owl, which initially rolled out in Japan and Taiwan last year, is setting sights on its home market.
The Regional Comprehensive Economic Partnership Agreement (RCEP), signed a year ago, is the world’s largest trade bloc and stretches from the fringes of the Arctic in Hokkaido, Japan (main picture) to the periphery of the Antarctic in southern New Zealand.
Bestowing high praise on historians and biographers, British author Oscar Wilde said: “Anybody can make history. Only a great man can write it.” And renowned American science fiction writer Robert Heinlein once said: “A generation which ignores history has no past – and no future”.