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Guangdong and Hong Kong Sign $14 Billion Trade Deals to Strengthen Economic Ties

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Guangdong and Hong Kong Sign $14 Billion Trade Deals to Strengthen Economic Ties

by Geraldine S.
11/28/2024
in Trade Agreements

Guangdong Province and Hong Kong signed 126 economic and trade cooperation projects valued at over 100 billion yuan (approximately $13.8 billion USD) at the Guangdong-Hong Kong Deepening Economic Trade and Investment Cooperation Conference. The event, held in Guangzhou, highlighted the strengthening of economic collaboration and integrated development between the two regions.

The agreements span various sectors, including commerce, financial cooperation, modern logistics, technology innovation, green development, culture, tourism, sports, and the low-altitude economy. These projects underline the growing synergy within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

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Huang Kunming, Party Secretary of Guangdong Province, emphasized the importance of creating a first-class business environment to support investors and promote development. “We aim to foster a sound market, industry, enterprise, and service system, making Guangdong an attractive and reliable hub for global investors,” Huang noted in his speech at the conference.

John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), reaffirmed Hong Kong’s commitment to fostering deeper cooperation with Guangdong. He highlighted the GBA as one of the most open and economically dynamic regions in the country, offering unparalleled opportunities for international investors.

Lee expressed confidence in strengthening mutual benefits, saying, “Hong Kong will continue to work closely with Guangdong to build the GBA into a global economic hub and world-class city cluster.”

Zheng Yanxiong, director of the Liaison Office of the Central People’s Government in the HKSAR, underscored the central government’s strong support for the GBA’s development.

The collaboration is expected to create greater opportunities for businesses in both regions while solidifying the GBA’s position as an international hub for trade, innovation, and sustainable growth.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#TradeAgreements #EconomicCooperation #GreaterBayArea #InvestmentOpportunities #SupplyChainNews

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