Hong Kong strengthens trade relations with Japan through MoU with Aomori Prefectural Government

HONG KONG, August 12, 2022 – Because the results of the pandemic continue being gone through by economies around the world, Hong Kong looks to bolster economic relations using its key trade partners. Today, the Hong Kong Trade Development Council (HKTDC) and also the Aomori Prefectural Government of Japan signed a Memorandum of Understanding (MoU) on mutual cooperation to promote economic exchange. The signing happened throughout the Food Expo 2022, a flagship event organised through the HKTDC.

HKTDC, symbolized by Executive Director Margaret Fong (L), and Aomori Prefecture, Japan, symbolized by Governor Shingo Mimura (R), signed a MoU in the HKTDC Food Expo, Hong Kong’s flagship event organised through the HKTDC.

Japan was Hong Kong’s sixth largest buying and selling partner in 2021, with total merchandise trade amounting to around HK$390 billion. In 2021, Hong Kong’s domestic export of products to Japan totalled HK$666 million, while Hong Kong imported about HK$271 billion price of goods from Japan. Commanding an enormous shoreline with a good amount of marine existence, Aomori Prefecture in Japan’s Tohoku region has a flourishing aquaculture industry. It’s also noted for its well-developed forestry and farming industries because of its wealthy natural atmosphere.

The HKTDC and Aomori Prefectural Government will engage in a number of exchange programs, including business conferences, workshops and trade shows, to increase economic cooperation. The MoU won’t facilitate economic exchange, but additionally create possibilities for companies in Hong Kong and Aomori Prefecture. With companies searching to recuperate in the pandemic, the MoU permits them to capture these possibilities, make use of untouched markets and expand operations.

HKTDC Executive Director Margaret Fong stated, “The HKTDC today signs into effect a Memorandum of Understanding on economic collaboration using the Aomori Prefectural Government of Japan. Hopefully through transporting out economic exchange programs, including business missions, workshops and trade shows, we are able to expand trade and investment, cement our business ties and drive economic development in Hong Kong and Aomori Prefecture. Strong bilateral economic relationships are important to the soundness of today’s global economy, and also the HKTDC is very happy to build relationships the Aomori Prefecture Government to help economic exchange.”

Shingo Mimura, Governor from the Aomori Prefectural Government, added, “While Hong Kong may be the primary export place to go for the planet-famous Aomori apple, its people also relish our beautiful landscapes produced through the four seasons, our festivals, fresh foods and hot springs. Through the years, they’ve built a detailed relationship with Aomori. The Aomori Prefecture Government is dedicated to promoting agriculture, forestry, and marine products for export and attracting vacationers. We continuously devote our efforts to strengthening the trade relations backward and forward places. With HKTDC’s platform, hopefully to advertise our great finds and gourmet cuisine to individuals in Hong Kong who love Japanese food and culture.”

The HKTDC Food Expo (11-15 August) has been held concurrently using the HKTDC Hong Kong Worldwide Tea Fair, HKTDC Home Delights Expo and HKTDC Beauty & Wellness Expo in the Hong Kong Convention and Exhibition Center (HKCEC), featuring greater than 1,000 exhibitors. A regional pavilion for that Aomori Prefecture showcases its local specialities.

Photo download: https://bit.ly/3Qj2h7t

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is really a statutory body established in 1966 to advertise, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Landmass China, the HKTDC promotes Hong Kong like a two-way global investment and business hub. The HKTDC organises worldwide exhibitions, conferences and business missions to produce business possibilities for businesses, particularly medium and small-sized enterprises (SMEs), within the landmass and worldwide markets. The HKTDC offers up-to-date market insights and product information via research reports and digital news channels.

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