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Hong Kong welcomes Thai SMEs to trade fair and fashion week
The Hong Kong Trade Development Council (HKTDC) is holding its Summer
Sourcing Show for Gifts, Houseware and Toys on July 2-5. The fair will offer
great opportunities for buyers from around the world, and Thai SMEs are sure
to find business opportunities that will boost trade between Hong Kong and
Thailand.
“This will be the fifth year of the HKTDC Summer Sourcing Show for Gifts,
Houseware and Toys,” said Loretta Wan, HKTDC Regional Director, South East
Asia & India. “It follows on from the big success we had last year, with
more than 20,000 buyers from 96 countries.
“The show offers a huge variety of gifts, houseware and toys for buyers from
around the world, and there are thousands of manufacturers waiting to do
business with them. It’s like the arena for buyers, producers and suppliers
to meet and match their requirements, and HKTDC is especially keen to
persuade Thai SMEs to take part. They’ll be able to choose best quality
products from reliable manufacturers, “ she said
Nares Rungrattanaprasert, Managing Director of Thai Dumrong Marketing Co,
Ltd, an importer of toys from Hong Kong for 10 years, was impressed by the
visit he made in 2007.
“There was a wide range of products and I found many items of interest,” he
said. “Besides toys, I am interested in the innovative packaging you see in
many collections here. I have to thank HKTDC for making it easier for Thai
and Hong Kong businessmen to work together. And we know we won’t be cheated
by dishonest suppliers.”
He said that Thai entrepreneurs could participate as both importers and
exporters as Hong Kong is one of the world’s important markets. Its economy
is largely dependent on international trade which accounts for 340 per cent
of its GDP. About 30 per cent of its imports and exports are from China, for
which Hong Kong is a valuable gateway for goods.
Thailand is Hong Kong’s 14th largest export market and the 8th largest
import source. In 2007, Hong Kong ran a trade deficit with Thailand
amounting to US$3.7 billion (1.22 trillion baht). Hong Kong’s imports from
Thailand increased by 8.1% year-on-year to US$ 7.4 billion in 2007, over 18%
of which were locally consumed with the rest re-exported.
Total exports to Thailand reached US$3.7 billion in 2007, increasing by
15.9% year-on-year. Major export items included parts and accessories of
office machines/computer (19.9%), telecommunications equipment (13.0%),
electrical apparatus and electrical circuits (8.4%0, semi-conductors (6.9%)
and pearls and precious stones (6.0%).
The Hong Kong Trade Development Council’s HKTDC Summer Sourcing Show for
Gifts, Houseware and Toys will be held on July 2-3-4-5. For further
information visit www.hktdc.com.
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