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Article: What change in China means for trade in Hong Kong.(agricultural trade)(Statistical Data Included)
- Article from:
- AgExporter
- Article date:
- March 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For well over a century, Hong Kong has been regarded as the gateway to China. During its history as a British colony, it experienced enormous economic development because of its location on the doorstep of China, its flexibility in working with several cultures and the virtual absence of trade barriers. The huge differences in import access, plus Hong Kong's strategic location, made it an irresistible environment for goods to be transshipped to China.
Hong Kong's trade community has staunchly supported China's accession to the World Trade Organization (WTO), believing that it will lead to stronger economic growth. The Hong Kong government has also been a strong ...