The Hong Kong Economic and Trade Office in Berlin will strengthen the bilateral economic and trade relationships between Hong Kong and Germany, Austria, the Czech Republic, Hungary, Poland, the Slovak Republic, Slovenia and Switzerland, the office's director, Stephen Wong, has announced.
Speaking at a business reception to mark the office's inauguration, Mr Wong explained how Hong Kong is uniquely positioned as Asia's World City and the gateway to mainland China.
"We signed in 2003 a Closer Economic Partnership Arrangement, or CEPA, with Mainland China, and concluded six supplementary agreements since then - the most recent one being signed 10 days ago," he said, adding:
"Under CEPA, all goods of Hong Kong origin enjoy zero tariff in the mainland market. A total of 42 service sectors are given preferential treatment, including those in which German companies may be interested such as telecommunications, technology and environmental services."
Mr Wong said Hong Kong is prepared to revise its laws to update the standards for the exchange of tax information internationally, which has already been positively acknowledged by the Organization for Economic Co-operation & Development.
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