Hong Kong companies have expressed interest in expanding their presence in Thailand by establishing manufacturing and logistics facilities, according to Thailand’s trade representative, Nalinee Taveesin. After a meeting with Ronald Ho, director of the Hong Kong Trade Development Council’s Southeast Asia and South Asia, it was revealed that Hong Kong sees potential in the ASEAN market, including Thailand.
Around 30 companies are looking to invest and set up production bases and logistics systems in Thailand. This collaboration is expected to benefit Thai businesses, particularly small and medium-sized enterprises and start-ups, by providing avenues for product distribution and knowledge development in areas such as e-commerce.
During the meeting, an invitation was extended to Prime Minister Srettha Thavisin to attend the Asian Financial Forum in Beijing in January. Additionally, Nalinee Taveesin had a separate discussion with Kevin Yang, Chairman of the Hong Kong Fashion Designers Association, to explore opportunities for promoting Thai silk in the global market. Yang suggested highlighting the versatility of Thai silk by showcasing its applications in clothing, decorations, and furniture through exhibitions. He also recommended making Thai silk dresses more accessible to teenagers by reducing their formality.
Nalinee Taveesin praised Hong Kong as a bridge between China and the rest of the world, emphasizing its reputation as a financial and investment hub, as well as a center for international trade and human resources. In 2020, the trade value between Thailand and Hong Kong amounted to approximately US$11.8 billion, making Hong Kong Thailand’s 13th largest trading partner. Major Thai exports to Hong Kong include computers, components, jewelry, and electrical circuit boards.
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SOURCE: bangkokpost.com