the city is a regional hub for Australian businesses in north-east Asia, which have a presence across various industry sectors including banking and finance, construction and engineering, food and beverage, education, consumer and retail, logistics and transport, and professional services. There is strong demand for traditional Australian exports to Hong Kong in sectors such as food and beverage and consumer products (including cosmetics, vitamins and nutraceuticals): financial services will continue to grow new opportunities are expected to emerge out of Hong Kong’s role in initiatives such as the Greater Bay Area, and Hong Kong will continue to be a priority market for investment across sectors including infrastructure, tourism, resources, energy and health. As the world’s most visited city, Hong Kong is a key platform market for premium goods and services internationally, particularly across Asia. It is also: a source of considerable investment in tourism infrastructure in Australia, and a key source market for tourism and short stays (including family visits associated with international students). New economic opportunities are arising driven by the innovation and technology/smart city agenda: Australian companies with capabilities in these areas can tap into interest from customers and investors across these industries. As the world’s infrastructure financial hub, Hong Kong provides opportunities for Australia to promote its infrastructure capabilities across Asia and attract infrastructure investment. Mainland enterprises and funds continue to establish in Hong Kong with about 65 per cent of outbound investment flowing through the city: mainland investment offices as well as decision makers from international enterprises with regional headquarters in Hong Kong ensures the city will remain a priority market for Australia’s efforts to attract foreign direct investment, and in 2017, Hong Kong was the fifth largest source of investment into Australia by total investment stock (AUD 116.6 billion). Australia has strong business interests in Macau including in the design, construction, project management and fit-out of casinos, marinas and entertainment projects. Trade statistics may understate the true level of exports from Australia to Macau because there are few direct shipping services: many products—especially food and beverages—which are repacked and trans-shipped via Hong Kong, are not recorded as being of Australian origin. Macau attracts a large number of Australian tourists, estimated at 120,000 a Trade policy and negotiations Australia and Hong Kong launched FTA negotiations on 16 May 2017. An FTA would complement the Free Trade Agreement and further integrate the Australian economy with Asia.
the city is a regional hub for Australian businesses in north-east Asia, which have a presence across various industry sectors including banking and finance, construction and engineering, food and beverage, education, consumer and retail, logistics and transport, and professional services. There is strong demand for traditional Australian exports to Hong Kong in sectors such as food and beverage and consumer products (including cosmetics, vitamins and nutraceuticals): financial services will continue to grow new opportunities are expected to emerge out of Hong Kong’s role in initiatives such as the Greater Bay Area, and Hong Kong will continue to be a priority market for investment across sectors including infrastructure, tourism, resources, energy and health. As the world’s most visited city, Hong Kong is a key platform market for premium goods and services internationally, particularly across Asia. It is also: a source of considerable investment in tourism infrastructure in Australia, and a key source market for tourism and short stays (including family visits associated with international students). New economic opportunities are arising driven by the innovation and technology/smart city agenda: Australian companies with capabilities in these areas can tap into interest from customers and investors across these industries. As the world’s infrastructure financial hub, Hong Kong provides opportunities for Australia to promote its infrastructure capabilities across Asia and attract infrastructure investment. Mainland enterprises and funds continue to establish in Hong Kong with about 65 per cent of outbound investment flowing through the city: mainland investment offices as well as decision makers from international enterprises with regional headquarters in Hong Kong ensures the city will remain a priority market for Australia’s efforts to attract foreign direct investment, and in 2017, Hong Kong was the fifth largest source of investment into Australia by total investment stock (AUD 116.6 billion). Australia has strong business interests in Macau including in the design, construction, project management and fit-out of casinos, marinas and entertainment projects. Trade statistics may understate the true level of exports from Australia to Macau because there are few direct shipping services: many products—especially food and beverages—which are repacked and trans-shipped via Hong Kong, are not recorded as being of Australian origin. Macau attracts a large number of Australian tourists, estimated at 120,000 a Trade policy and negotiations Australia and Hong Kong launched FTA negotiations on 16 May 2017. An FTA would complement the Free Trade Agreement and further integrate the Australian economy with Asia.