Hong Kong's Market Anticipates Bulgarian Production
Hong Kong's market is open to Bulgarian producers, as was stated at the 'Hong Kong: Your Partner for Success in China' Business Forum in Sofia.
Many popular Bulgarian products such as wine, yogurt, honey and rose oil are practically unknown in Hong Kong, the Hong Kong Trade Development Council regional director Stephen Wong commented.
Asked by Investor.bg, Wong said that there are no special requirements for the import of such goods, except for the food labels. The food safety regulations, valid for the EU, do not apply directly, however any product with international quality certificates can be imported in Hong Kong.
Hong Kong's population is about 7 million people, but the country can be regarded as the gateway to China and Asia for virtually half the world's population, representatives claimed.
In 2013, there was an increase of 30% in trade between Bulgaria and Hong Kong for a total of USD 108M. For comparison, the total trade turnover with EU countries is USD 84B.
Representatives of Hong Kong attended a meeting at Bulgaria's Ministry of Economy and Energy, Tuesday. Stephen Wong pointed out that Bulgarian products are not well known in Hong Kong. At the same time Bulgaria does not have a Consulate General or even an Honorary consulate there.
For comparison, Romania has founded a Chamber of Commerce in Hong Kong, which facilitates the expansion of Romanian business in the region.
- » BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan
- » Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities at 3.12% Yield
- » Bulgarian Real Estate Market Picking Up - Brokers
- » Eurocoal: Bulgaria's Coal Production Decreases over Past Few Years
- » Services, Current Transfers Boost Bulgaria’s July C/A Surplus
- » Russia's Food Import Ban to Inflict Direct Damages of BGN 10 M to Bulgarian Farmers
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Please direct all inquires to: