Call to Expand Hong Kong’s New Trade Growth Engines
SingTao · 1 SOURCESabout 2 hours ago5 MIN
Summary
Fan Chun-wah (范駿華), writing in a commentary published on September 30, said Hong Kong’s import and export trade had recently recorded growth of more than 40 per cent and argued that the government should build on that momentum by expanding into emerging markets including ASEAN, the Middle East and Central Asia. He said a planned delegation to Turkey and Egypt in January 2027, supported through the global networks of the Commerce and Economic Development Bureau, Invest Hong Kong and the Hong Kong Trade Development Council, could help Hong Kong businesses strengthen their commercial footing overseas
Key Points
- Fan said Hong Kong’s recent import and export trade growth exceeded 40 per cent, which he presented as a basis for pursuing new external markets more aggressively
- He said government departments led by the Commerce and Economic Development Bureau were fully developing markets in ASEAN, the Middle East and Central Asia
- According to the commentary, Hong Kong plans a January 2027 delegation to Turkey and Egypt using the overseas networks of Invest Hong Kong, trade offices and the Hong Kong Trade Development Council
- Fan said the trip could help open wider cooperation with emerging markets including the Gulf Cooperation Council states through free trade and investment protection agreements
- He cited a proposal already included in Hong Kong’s first Five-Year Plan to build an aviation parts processing and trading industry cluster in the city
Why It Matters
Fan argued that if Hong Kong can combine its strengths in aircraft leasing, financing, trade promotion and overseas commercial networks, it could build a more complete aviation parts platform covering dismantling, maintenance, recycling and reuse. In his view, that would not only support Hong Kong’s international trade centre role but also create a new source of economic growth tied to higher value-added industrial chains