Free Trade Agreement Programme is a programme under the BUD Fund to support HK firms to enter the market of economies signed the Free Trade Agreement with Hong Kong.
From today (1st Aug, 2020), BUD Fund application is available online only. Submission by post, by e-mail or in person would not be accepted. Enterprises can submit the application via BUD Secretariat website: https://apply.bud.hkpc.org/ The above information is provided by BUD Consultant BizMagnet.
BUD Fund (Dedicated Fund for Branding, Upgrading and Domestic Sales) was launched in 2012. It is a fund to assist Hong Kong firms to expand in mainland China and boost their competitiveness. Hong Kong and ASEAN (Association of Southeast Asian Natiosn) signed the “Free Trade Agreement” and “Investment Agreement” on 12th Nov 2017. Therefore the … Read more
BUD Fund extended to the ASEAN in 2018, divided into “Mainland Programme” and “ASEAN Programme”. It furthered to all economies which signed a free trade agreement (FTA) with Hong Kong, and ASEAN Programme upgraded as “FTA Programme“. After signing “Closer Economic Partnership Arrangement” (CEPA) with mainland China, Hong Kong signed a FTA with 7 economies … Read more
As the implementer of the BUD Fund, the Hong Kong Productivity Council occasionally invites enterprises to share the successful BUD experience. BizMagnet BUD Consultant reviewed the story of On Hing Metal Die-casting Factory, presented by Eric Fung, the Business Development Director. On Hing applied for the BUD Fund Mainland Programme in 2016 for the first … Read more
The Hong Kong Productivity Council invites the representative from Office of Thai Trade Commissioner and several industry experts to share latest information about manufacturing in Thailand and some practical experience. This will definitely help you to enter the market and expand in the country. (BUD consultant: Thailand is an ASEAN member state which is covered … Read more
After more than 2 years testing in India, WhatsApp launched the digital payment service in Brazil. (India and Brazil have the first and second most WhatsApp users). Facebook (the parent company of WhatsApp) is pushing more e-Commerce to its platform. Users can send money free while businesses are charged around 4% to receive the money. … Read more
The Hong Kong Government launched “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund). The 2 programmes under the Fund namely “Mainland Programme” and “FTA Programme” grant at most HK$ 4,000,000 on a one-to-one matching basis. The BUD Fund aims at promoting the competitiveness of Hong Kong companies in the mainland China and 19 … Read more
The Free Trade Agreement between Hong Kong and ASEAN (about Indonesia) will be in effect on 4th July, 2020. The SME, HKET news interviewed a consultancy specializing on ASEAN market to explore the potential. Hong Kong products such as watch, toy and jewelry will have reduced tariff, and Hong Kong service providers will have better … Read more
The Free Trade Agreement and Investment Agreement between Hong Kong and Indonesia as an ASEAN member state will be in effect on 4th July, 2020. Benefit to both HK Goods and Services Indonesia will reduce tariff on goods made in Hong Kong, including jewelry, toy, watch and clothes. Hong Kong service providers entering Indonesia can … Read more
From time being, most successful BUD Fund applicants are manufacturers. This is because factories have an obvious need to transform as brands. Nevertheless, as the number of target market sponsored by the BUD Fund increases (from mainland only to all Free Trade Agreement regions today), plus the market structure changes, more and more service providers … Read more
