Hong Kong's Market Anticipates Bulgarian Production

Business | March 18, 2014, Tuesday // 17:17|  views

Photo by wikipedia.org.

Hong Kong's market is open to Bulgarian producers, as was stated at the 'Hong Kong: Your Partner for Success in China' Business Forum in Sofia.

Many popular Bulgarian products such as wine, yogurt, honey and rose oil are practically unknown in Hong Kong, the Hong Kong Trade Development Council regional director Stephen Wong commented.

Asked by Investor.bg, Wong said that there are no special requirements for the import of such goods, except for the food labels. The food safety regulations, valid for the EU, do not apply directly, however any product with international quality certificates can be imported in Hong Kong.

Hong Kong's population is about 7 million people, but the country can be regarded as the gateway to China and Asia for virtually half the world's population, representatives claimed.

In 2013, there was an increase of 30% in trade between Bulgaria and Hong Kong for a total of USD 108M. For comparison, the total trade turnover with EU countries is USD 84B.

Representatives of Hong Kong attended a meeting at Bulgaria's Ministry of Economy and Energy, Tuesday. Stephen Wong pointed out that Bulgarian products are not well known in Hong Kong. At the same time Bulgaria does not have a Consulate General or even an Honorary consulate there.

For comparison, Romania has founded a Chamber of Commerce in Hong Kong, which facilitates the expansion of Romanian business in the region.

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Tags: Hong Kong, Hong Kong: Your Partner for Success in China, business forum, Stephen Wong, import, market


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