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Slovenia Business Week no. 11: Hong Kong Important Gate to Chinese Market, Trade Official Says

The Slovenian economy is making rapid progress and there are may opportunities to increase foreign trade activities, the director of the Hong Kong Trade Development Council, Winchell Cheung, told the press prior to a seminar on business opportunities in Hong Kong held in Ljubljana

The Slovenian economy is making rapid progress and there are many opportunities to increase foreign trade activities, the director of the Hong Kong Trade Development Council, Winchell Cheung, told the press prior to a seminar on business opportunities in Hong Kong held in Ljubljana on Thursday, 15 March.

The adoption of the euro can play an important role in boosting foreign trade, Cheung added. Trade between Slovenia and Hong Kong is on the upswing, recording a 25% increase in 2005 over the year before, and while Hong Kong is a small market compared to China, it is an important starting point for companies wanting to enter the Chinese market, Cheung said.

Chinese companies are on the other hand increasingly interested in opening offices in Hong Kong, with Hong Kong being part of China, but at the same also having a completely independent economy based on an open market with low taxes, no VAT and a strong financial system, Cheung said.

Turning to China, Cheung said that entering this attractive market required a lot of know-how and patience. He suggested that foreign companies could seek the partnership of Chinese companies and should first focus on a specific area of China, the whole of the Chinese market being to big.

Cheung was speaking to the press ahead of the seminar dubbed "Hong Kong and the Pearl River Delta - Business Opportunities for Small and Medium-Sized Enterprises". The event was being staged by the Frankfurt-based Hong Kong council, a non-profit organisation, and the Slovenian Chamber of Commerce and Industry of Slovenia (CCIS). It was being attended by representatives of around 40 Slovenian SMEs.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency