Businesses from the West Midlands are being offered a chance to enter emerging Far Eastern markets with a visit to Hong Kong.
The Coventry and Warwickshire Chamber of Chamber of Commerce is set to lead a market visit to Hong Kong and the Chinese cities of Qingdao and Beijing between Monday, March 14 and Friday, March 18 with the aim of helping firms in the region benefit from and establish themselves in the Asian markets.
Over the past 25 years the chamber has organised more than 65 visits from the region to both Hong and China.
Mark Eaton, director of China trade liaison office at UKTI, said: “There are many things which make Hong Kong an attractive proposition for UK businesses, not least the fact that export of goods there last year amounted to around £3.5 billion – making it the country’s 16th biggest export market.
“China itself has become an economic powerhouse and continues to experience good growth good rates.
“Over the years many of the companies we have taken with us on these visits have established links and, in some cases, even set up a permanent presence in the region.
“The similarity of the Hong Kong and British legal systems makes it much easier to begin trading there than is the case with other areas of mainland Asia. It can also act as a natural stepping stone for businesses into the China market.”
The market visit is open to all business sectors with particular focus on helping SMEs to tap into the benefits of trading with Asia and grants towards costs are available to eligible companies.
Eaton added: “Hong Kong is the UK’s second biggest export market in Asia behind China but ahead of Japan – so the benefits of local companies establishing ties over there are obvious.
“There is a huge amount of support available for organisations which take part in the visit before, during and after with the aim of helping them to establish the links which could provide real benefits for them.
“These visits have helped, and continue to help, businesses reap many of the rewards associated with Asia and we would encourage anyone who thinks they could benefit from our support to get in contact as soon as possible.
“And, in the current climate, it’s absolutely crucial that companies increase their international trade.”
For further information on the Hong Kong and China market visit, contact Mark Eaton on 02476 654295.