Belt and Road Initiative
SME Corner – the ASEAN Guide
The Belt and Road initiative is certain to deliver endless opportunities for Hong Kong businesses. ASEAN markets along the Belt and Road with enormous consumption power and strong potential for development are great locations for setting up manufacturing bases. How should Hong Kong’s SMEs go about entering these markets and swing into action to capture opportunities presented by them?
HKTDC’s “Belt and Road Initiative SME Corner – the ASEAN Guide” offers a one-stop platform for Hong Kong SMEs with “how to” tips to help them discover more about ASEAN markets, identify investment support and resources, and get acquainted with the local business culture.
ASEAN was the 4th largest export market of Hong Kong goods after Chinese mainland accounting for 18.2% of Hong Kong’s total domestic exports in 2017. The bloc of 10 markets will continue to be important targets for Hong Kong exporters when the ASEAN-Hong Kong Free Trade Agreement and a related Investment Agreement come into effect in early 2019. Know the individual markets and get into position to capitalise on the closer trade relations between Hong Kong and the ASEAN
ASEAN markets along the Belt and Road boast economic zones and industrial parks of various scale. Find out how to leverage these resources to expand your production footprint and increase manufacturing capacity and productivity.
Free Trade Zones
Guide to Doing Business
E-commerce in ASEAN is well established. Explore the e-commerce platforms in your target markets and identify opportunities that fit your business strategy.
The Hong Kong Government provides funding schemes for SMEs, such as the SME Export Marketing Fund (EMF), offered by the Trade and Industry Department to help SMEs expand into markets overseas, and the BUD Fund - ASEAN Programme to help SMEs capture new business opportunities brought about by the Free Trade Agreement between Hong Kong and ASEAN and expand their presence within ASEAN.