The second 2024 Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) Meeting, led by ABAC Peru Chair Julia Torreblanca, held wide-ranging discussions on diverse business issues, from trade and investment facilitation to digital transformation and sustainability.
Facing a business environment that has changed profoundly over the past few years, the Hong Kong SAR Government’s budget, recently announced by Financial Secretary Paul Chan, spotlights three newer sectors – innovation, sustainability and wellness, all of which are key growth drivers.
The global fisheries and aquaculture industry are evolving rapidly to increase resource efficiency, boost output sustainably improve food security. Aquaculture – farming freshwater fish and crustaceans – is developing more rapidly in emerging markets than mature ones, and is growing strongly in Hong Kong.
Biotechnology and sustainability are key factors in the development of the Belt and Road Initiative. These technology-heavy fields received extensive attention at last month’s Belt and Road Summit, organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC).
With Mainland China setting 2060 as the deadline for carbon neutrality, sustainable development has become an important goal for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The Hong Kong Trade Development Council (HKTDC) and global bank HSBC have teamed up to help small and medium-sized enterprises (SMEs) upgrade in order to achieve environmental, social and governance (ESG) objectives.
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