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Tsang Pushes Hong Kong’s Investment Opportunities In European Tour

by Mary Swire, Tax-News.com, Hong Kong

25 October 2004

Chief Secretary for Administration, Mr Donald Tsang, will today begin a nine-day visit to four European capitals with the aim of promoting Hong Kong’s business and investment opportunities, taking in the cities of London, Berlin, Prague and Dublin.

"Britain and Germany are Hong Kong's two largest trading partners in Europe, while Ireland and the Czech Republic are quickly rising in international stature," observed Mr Tsang.

He continued: "My main message will be Hong Kong's strong economic recovery and the new era of opportunity that has opened up for European companies as a result of our greater economic interactivity with the Mainland and the Closer Economic Partnership Arrangement (CEPA)."

Given China’s rapid economic growth Mr Tsang explained that the time was ripe to remind European businesses of the advantages of using Hong Kong as a springboard for access to the mainland market.

“I'm also eager to tell them about the new Pan-PRD (Pearl River Delta) co-operation forum, which brings together a fledgling common market the size of the newly expanded European Union," he added.

On the first two days of the tour, Mr Tsang is set to deliver keynote speeches at the Hong Kong Trade Development Council Annual Dinner and the Hong Kong-Guangdong Business Seminar in London.

Later in the trip, he will meet with German President Horst Kohler, Irish Prime Minister Bertie Ahern and senior officials from the Czech government.

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