Hong Kong Expands Trade and Investment Ties with the Global South

The Hong Kong government is actively expanding its trade network and attracting investment from Global South markets through a series of strategic initiatives.

Ongoing discussions with Malaysia and Saudi Arabia aim to establish new Economic and Trade Offices in both countries, strengthening Hong Kong’s presence in these key markets.

Additionally, InvestHK has launched consultant offices in Cairo, Egypt, and Izmir, Türkiye, while the Hong Kong Trade Development Council (HKTDC) has set up a consultant office in Cambodia. These efforts are designed to facilitate business connections and promote investment opportunities.

To further deepen economic ties, Hong Kong is exploring investment agreements with Saudi Arabia, Bangladesh, Egypt, and Peru. At the same time, negotiations are underway with 17 countries to establish Comprehensive Avoidance of Double Taxation Agreements, fostering a more business-friendly environment.

Leveraging its role as a key platform for the Belt and Road (B&R) Initiative, Hong Kong aims to enhance collaboration with ASEAN and Middle Eastern markets. The region is also looking to expand its reach into Central Asia, South Asia, and North Africa, working closely with business and professional service sectors to unlock new opportunities.

The HKTDC, in particular, is prioritizing B&R project matching, with a strong focus on green development and innovation and technology (I&T), reinforcing Hong Kong’s commitment to sustainable and forward-looking economic growth.