$ 10.3 million buyer sponsorship package:
Sri Lankan companies to benefit
Exhibitions an opportunity to enhance trade:
Sanjeevi JAYASURIYA
Sri Lankan companies will benefit from a US $ 10.3 million buyer
sponsorship package offered by the Hong Kong Trade Development Council (HKTDC).
“This is the first time that such a sponsorship package was offered
to Sri Lankan buyers and exhibitors as the recession has slowed down
many economies in the world. Hong Kong, the 13th largest trade economy
in the world and a gateway to China conducts international trade fairs
periodically where the country acts as a meeting point,” Manager
Exhibitions, HKTDC, Peggie Liu said.
|
Peggie Liu |
“We conduct international trade exhibitions to explore markets as
Hong Kong engages in export and import activities. We identify ways to
work together to capture potential markets and expand existing markets.
The trade exhibitions provide an opportunity to build relationships
and enhance trade. The opportunity is provided under the sponsorship
package for Sri Lankan buyers participating in a trade fair for the
first time,” she said.
The current financial situation has less impact on buyers from
emerging markets. Visiting trade fairs still remain an effective channel
as over 99 percent of the participants were satisfied the way trade
fairs were conducted, she said.
Sri Lanka’s tea has a potential market and increased participation in
trade fairs would help the country to expand and capture markets. The
country could exploit the sectors of tea, house ware, apparel, jewellery
and food, she said.
“Our fairs are the best for one-stop sourcing - from parts to
finished products and traditional models to innovative designs. Fairs in
Hong Kong present opportunities for companies in Sri Lanka to sell and
to source quality products, get market intelligence, establish alliances
and business contacts for expansion and move into new markets,” Liu
said.
Sri Lanka is the 48th trading partner of Hong Kong. The HKTDC has a
data base of over 700,000 buyers. It would be an ideal platform for Sri
Lankan buyers and exhibitors to showcase their products and services.
The tax and customs system in Hong Kong is simple and this would be an
attraction for potential traders. It is important that Sri Lankan
companies take advantage of the package as the country as a whole would
benefit from such relationships, she said.
Among the top 10 commodities imported to Hong Kong from Sri Lanka are
apparel related items, telecommunication equipment and base metal while
the top 10 exports from Sri Lanka to Hong Kong include tea, electrical
machinery, apparel textile fabric, sea food, pearls, precious and semi
precious gems.
The HKTDC will conduct several international trade fairs in the
coming months where buyers could harness the potential in expanding
business opportunities.
|