Article Sphere Logo
International Trade Article

Market Research for Hong Kong

By Expert Author: Rebecca Marli
Word Count: 276 words | Views: 492 view(s)
The United States is one of the largest trading partners of Hong Kong with almost 1,100 American firms actively involved in this market. Hong Kong is also a key-location for exporters who wish to enter the Chinese market.

American companies are a major supplier of access control equipment and systems on the Hong Kong market due to their reliability. U.S. engineers, gaming equipment suppliers, architects, show organizers, and building products suppliers have exciting opportunities in Hong Kong since many casino-hotels are extended and the gaming tourism is expected to grow in the next years.

Hong Kong has one of the best telecommunication infrastructures in the world. Broadband IPTV technology is accepted by licensed TV operators and available at a reasonable price. Local industry players agree that IPTV subscribers will grow in the future.

U.S. service providers of Customers Relationship Management Systems (CRM), management consulting to investment banks, and Direct Market Access have excellent prospects in Hong Kong when it comes to investment banking, marketing, and communication.

Although China is a large exporter of medical equipment, Chinese and Hong Kong consumers prefer Western products due to their reputation for quality and reliability. Medical and rehabilitation equipment along with homecare products are in strong demand in Hong Kong because the cardiovascular disease is the second cause of death in Hong Kong, the aging population is growing steadily, and local manufacturers do not produce cardiovascular equipment.

The market for packaging materials has grown due to Hong Kong`s prosperous economy. Gift-wraps, packaging bags, paperboard boxes, foam boards, tetra pack laminated paper packages, plastic sheets, shopping bags, padded mailers, cartons, air-bubble blister stuffing, or wrapping paper are demanded in Hong Kong.

(c) 2009 Export-USA.com. All rights reserved.
Rebecca Marli

About the Author:

Export - USA.com, the U.S. exporters' gateway to the global markets, features a directory of American exporters and their products. With Export-USA.com, American exporters can get access to huge growth opportunities in the international markets.

Article Source: http://www.articlesphere.com/Article/Market-Research-for-Hong-Kong/173753

 This Article has been viewed 492 times.
  

Related Videos



 

Related Articles

 
 

Listed below are more articles related to the above article from the "International Trade" article category.

People interested in the above article "Market Research for Hong Kong" are also interested in the related articles listed below:

 
Yiwu is the largest wholesale city in china. Infrastructure of this city is well developed and mostly connected with other cities in the China. Yiwu Market is very famous market in China. Now a day, Yiwu Market becomes international hub for foreign buyers. Many people are familiar with this market and visits almost every year.
Japan and India broadly agreed to a free trade deal that would effectively eliminate tariffs on 94 percent bilateral trade in 10 years time, Japan's Foreign Minister Katsuya Okada said on Thursday. "We reached an agreement in principle," Okada said after meeting with top level government officials from the both countries. "We hope that this agreement will dramatically enhance the economic relationship of our two nations."
For Kerala, which is a similar country to Philippines, Vietnam, Laos, Cambodia, Indonesia, Brunei, Malaysia, Singapore etc, there are opportunities of benefiting from this ASEAN FTA. More than FTA, the Kerala Government is to be dreaded. What Keralites should do is to face the challenges thrown by ASEAN FTA. The business equation of Globalisation is " Compete or Die ". So we should compete with the ASEAN countries in products and services and use the opportunities for our benefit.
There are sites all over the internet where you can connect with wholesalers and manufacturers from other countries. Most of the time, you will be contacting people in China, Japan and India to purchase a variety of products. These can be furniture, make-up, clothing, jewelry or really, anything you can think of. The problem for many merchants is not knowing who they can trust. Not knowing who is reliable to ship products to a buyer.
Is everything made in China these days? It sometimes seems like it. And if you have ever wondered how you could start a lucrative importing business you are not alone. The only problem is you do not speak Chinese and have no idea of where to begin. On the other hand, you do have an inkling of the process but are always looking for new China suppliers to add to your import network.
The Bureau of Industry, Freedom and Security (BIS) are responsible for implementation and supervision of the Export Administration Regulations (EAR) governing exports and re-exports of most commercial products. BIS regulates the export of "dual-use items." These commodities have both commercial and military uses. However, goods which are intended for purely commercial purposes are also subjected to the EAR.
As an Asia business hub, a tax efficient city, and one of the freest economies in the world, Hong Kong is internationally renowned for being an ideal business city. Like all economies, Hong Kong would have been hard hit by the global economic crisis. However, lessons learnt from the previous financial crisis and closer collaboration with Mainland China have helped to lessen the impact of the recession. Since the 1st of January 2004, when Mainland China and Hong Kong's first free trade agreement was signed, close economic cooperation between the two regions has drastically improved.
Article Directory Home All Categories Business International Trade Market Research for Hong Kong
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.