Through international trade, nations can exchange goods and services to boost production altogether. International trade is the foundation of global economic growth.
The COVID-19 pandemic has tremendously impacted global supply chain and demand while Sino-US relation has declined to the lowest in decades. Thus many manufacturers moved their factories from mainland China to ASEAN region. On the other hand, China is proactively developing domestic market (“Circular economy”). The Free Trade Agreement (FTA) between China and the ASEAN … Read more
The Hong Kong Trade Development Council (HKTDC) research has conducted a survey recently to study buyer behavior in Kuala Lumpur (KL) of Malaysia. BizMagnet BUD consultant believes that is valuable reference for businesses intend to go Malaysia, and highlights the keynotes with the information of the BUD Fund FTA Programme (a.k.a. ASEAN Programme). This article … Read more
Due to the US national security and the worry of American user information theft by China, the US Department of Justice advised the Federal Communications Commission (FCC) to abandon a plan of building trans-Pacific undersea cable to Hong Kong by Google and Facebook. The advice was on 17th June this year, and it also advised … Read more
Yesterday (2020/08/07), the US Treasury announced to impose sanctions on China and Hong Kong 11 officials who harm Hong Kong autonomy and human rights.These major officers include the Chief Executive Carrie Lam, the Secretary of Justice Teresa Cheng, the Commissioner of Police PK Tang etc. All Americans and American companies cannot deal with the sanctioned … Read more
The Chief Executive of Hong Kong SAR Carrie Lam announced yesterday (31st Jul) that the coming Legco election will be postponed, from 6th Sep 2020 to 5th Sep 2021, by the Emergency Regulations Ordinance. The CE said the hard decision is purely based on the current COVID-19 pandemic to protect Hong Kong public health. Nevertheless, … Read more
The HKSAR Government is required to enact the controversial National Security Law. According to the new law, 4 types of offences may lead to life sentence, and the Office for Safeguarding National Security of the Chinese Government shall exercise jurisdiction in some cases. After the announcement (1st July, Hong Kong SAR establishment day), thousands of … 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
The US President Donald Trump said he would revoke the special status of Hong Kong, in response to the passing of the national security law on Hong Kong in Beijing. “It is one country, one system. This is a tragedy for Hong Kong”, said the President. The US will impose sanctions against some top officials … Read more
Hong Kong has suffered from social unrest in 2019 and the COVID-19 pandemic in 2020. When things seem to recover recently, the Chinese government bypasses Hong Kong legislature to make a national security bill. Hong Kong is now on the front-line of Sino-American conflict. These unprecedented events bring total uncertainty to Hong Kong politics and … Read more
