More space for collaboration between Singapore, Hong Kong

SINGAPORE - There is plenty more space for collaboration between Singapore and Hong Kong even as the two are often viewed as economic competitors, said Mr Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council (HKTDC).

He singled out sectors such as finance, information technology and services as areas with opportunities for further partnerships.

"Hong Kong, because of our long history with the West, is a gateway for western businessman to enter China or the Asian market," said Mr Chau at a media luncheon on Wednesday.

"Singapore also enjoys a lot of advantages, like being part of Asean, and being the gateway for Asean.

"Even competitors should always look for opportunities for collaboration. Given the rapid growth of our region, I'm sure more trade opportunities will continue to emerge."

Mr Chau was in Singapore to promote three major trade shows that will take place in Hong Kong from next month - the Hong Kong Book Fair, the Hong Kong Fashion Week for Spring/Summer, and the Hong Kong Food Expo.

"Through organising more trade events in Hong Kong and inviting more Singapore companies to take part as exhibitors or even visitors, we hope to help create opportunities for more partnerships," he said, adding that the events will also enable Singapore companies to tap into the global market.

Singapore is the largest Asean trading partner for Hong Kong, as well as its ninth largest export market.

Bilateral trade between Singapore and Hong Kong from January to April this year totalled US$13.16 billion.