NEWS
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William Buck director wins Hong Kong trade award
William Buck New Zealand director
Arran Boote’s work to develop trade through Hong Kong has been recognised by
the Federation of Hong Kong Business Associations Worldwide and the Hong Kong
Trade Development Council (HKTDC). Mr Boote was presented with a prestigious ‘Success
Story Award’ at the 12th Hong Kong Forum on 30 November.
The awards are a joint initiative
by the Federation, which represents 33 associations in 24 countries, and HKTDC,
a government body. They are open to nations and companies from throughout the
world, and assess initiatives, client service and market understanding.
Mr Boote has spent the past seven years developing his consultancy services on
how to structure and develop trade with Asia and China, using Hong Kong as a
gateway. New Zealand’s Free Trade Agreements, with Hong Kong and then China,
have facilitated greater opportunity for New Zealand businesses in the region.
The judges acknowledged his
achievements in the following areas:
Business
activities in/through Hong Kong:
- Assisted
New Zealand and Australian businesses, particularly in the consulting areas
to establish their Hong Kong base for their pan-Asian expansion
- Supported
New Zealand exporters to link Singapore into their existing Hong Kong
businesses
- Helped
New Zealand exporters to utilise the HK/PRC CEPA agreement to overcome the
need to obtain separate licence registration in Hong Kong
- Set
up trading houses in Hong Kong for various import / export entitie
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Hong Kong Festival 2011
Hong Kong - a vibrant city of art and culture, trade and entertainment.
Supported by the Hong Kong New Zealand Business Association, the Hong Kong Festival aims to bring you a piece of Hong Kong this August 2011. Join us on a journey from Classic to Creative to learn and experience the vibrancy and culture that is Hong Kong. We don’t want to brag, but…last year’s Hong Kong Festival 2010 won the Best Initiative Award 2010 from the Federation of Hong Kong Business Associations Worldwide, which recognises associations/chapters for best individual events and projects. This year, we’re making the Hong Kong Festival even better, so you can expect an awesome festival!
Be sure to join us on Facebook, Twitter and check on our website www.hkfestival.org.nz. |
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Hong Kong ranked the world's most competitive economy
Hong Kong is ranked the world’s most competitive economy for the first time, according to the World Competitiveness Yearbook 2011 released by the International Institute for Management Development (IMD) on 18 May 2011. The report selected 59 economies for ranking.
Both Hong Kong and the US rank first, surpassing Singapore which falls from 1st to 3rd. Other economies within the top 5 are Sweden (4th) and Switzerland (5th).
Hong Kong ascends from 2nd to 1st in “business efficiency”, overtaking Singapore, while “government efficiency” and “economic performance” remain 1st and 4th respectively.
IMD commented that a sound ‘balance’ between government and business efficiency can be found in Hong Kong, and also in Singapore and Australia.
Link to the IMD’s World Competitiveness Yearbook 2011 – http://www.imd.org/research/publications/wcy/index.cfm
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Hong Kong to hear Bill English explain Budget 2011
Finance Minister Bill English is going to Singapore and Hong Kong on May 23 to explain Budget 2011 to business, investment and political leaders.
Mr English says he is confident the investment and business communities in Singapore and Hong Kong will understand the significant progress New Zealand is making in turning around the country’s high levels of debt and lifting national savings.
Please click here for more.
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Strong competition for HKNZBA 2011 business award
Health products manufacturer Comvita New Zealand has won the Cathay Pacific HKNZBA award for “Best Use of Hong Kong by a New Zealand Company for its Business 2011”. The Te Puke based company headed off strong competition from several entries and its two eventual rival finalists, financial services provider KVB Kunlun and food manufacturer Seperex Nutritionals. Comvita was awarded return tickets for two from New Zealand to Hong Kong, two nights for two at the palatial Langham Hotel in Hong Kong, a magnificent trophy and winner’s certificate by Prime Minister John Key.
The award was part of the biennial NZ China Trade Association awards, held at The Langham Auckland on May 12, and attended by more than 360 guests.
Please click here for more.
HKTDC Food Expo 2011
Join the NZ Pavillion in 2011
HKTDC Food Expo is the ultimate platform for exhibitors to expand export opportunities into Asia, particularly the Chinese Mainland markets.
This annual extravaganza will return for its 22nd edition at 11-15 August 2011, providing the best food-trading platform for international exhibitors.
Organised by the Hong Kong Trade Development Council (HKTDC), the 2010 edition grew from strength to strength, featured more than 740 exhibitors from 22 countries/regions from Hong Kong, Australia, Austria , Brazil , Canada , Chinese mainland, Colombia , Italy, Iran, Japan, Korea , Malaysia , Mexico, Pakistan , Palestine , Philippines , Sri Lanka, Switzerland , Taiwan , Thailand , Uganda, Vietnam.
Enquiry to Join the NZ Pavillion in 2011
HKTDC (Australia and New Zealand in Sydney Office)
For local NZ-HK events contact the Hong Kong New Zealand Business Association HKNZBA Website: http://www.hongkong.org.nz/Site/Home.ashx Email: hk@hongkong.org.nz
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Cathay Pacific
NZCTA Trade Awards 2011
This year the Cathay Pacific Hong Kong Business Award will be for:
The Best Use of Hong Kong by a New Zealand Company for its Business To enter for this award you must have a business history with Hong Kong. Growth of this business from Hong Kong into China or wider Asia is preferred, but not essential.
The information in support of an entry is not onerous and apart from the prestige and publicity that comes from winning, the prize below is well worthwhile.
The winner will also go forward for the chance to win the Supreme Award.
Prize: Two Cathay Pacific return economy class tickets from Auckland to Hong Kong with access to the Marco Polo Club and two nights’ accommodation in Hong Kong from the
Langham Hotel.
Entries close at 5:00pm on Friday 15 April 2011 and must be received at Hong Kong BusinessAssociation Inc, P O Box 105-009, Central Auckland, in an envelope headed “HKNZBA Trade AwardApplication”, or electronically by emailing hk@hongkong.org.nz.
Please click here for the entry form.
8 Reason to Visit Hong Kong in April
VIP Benefits for HKNZBA
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Hotel Sponsorship of up to HKD 2,100 OR Travel Reimbursment of HKD 1,800 for companies visitng for the first time (conditions apply)
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On-Site breifing about the fair
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VIP Pass for free access to the Dragon Lounge
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Free Admission Badge, Fair Catalogue, Information Kit
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Complimentary Business Matching
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Invitations to official events and seminars
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Benefit Coupons Booklet with shopping and dining discounts
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For fair registration, information on the fairs and Hotel Sponsorship/Travel Reimbursement application forms, please contact Ms. Toni Wade or Mr. Peter Bosevski by phone: 61-2-92618911; by email: toni.wade@hktdc.org or peter.bosevski@hktdc.org and mention “HKNZBA”.
Deadline:1st March 2011
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Participation Package for Hong Kong International ICT Expo 2011
Fair Date : 13-16 April, 2011
Fair Venue : Hall 3-F & 3-G, Hong Kong Convention & Exhibition Centre
Organiser : Hong Kong Trade Development Council
Incentives available for New Zealand exhibitors.
For futher information, please contact:
HKTDC Sydney Office
Mr. Peter Bosevski, Marketing Manager
Email: peter.bosevski@hktdc.org
Tel: 61-(2)-9261-8911
Fax: 61-(2)-9261-8966
Hong Kong Forum webcasts and photos online
A message from CherryLee from the Hong Kong Federation about the HK Forum:
Thank you once again for taking part in the Forum this December. I hope you have enjoyed the two-day conference as well friends from different parts of the world.
To share with you all the great we spent together, we've uploaded the highlightes of HK Forum 2010, webcasts and photos at the link below:
The highlightes of HK Forum 2010
Media Release
10.15am, December 1, 2010
NZ-HK agreement to cut cross border taxes
Auckland, December 1: Hong Kong Financial Secretary John Tsang says the Double Taxation Agreement he and New Zealand Finance Minister Bill English signed today will reduce tax impediments to cross-border trade and investment. 
Mr Tsang told senior financial professionals, traders, economists and business people at a Hong Kong New Zealand Business Association (HKNZBA) and KVB Kunlun breakfast in Auckland that the agreement will also assist both parties with tax administration.
The agreement has been rapidly concluded on the back of the Closer Economic Partnership on free trade that New Zealand signed with the Hong Kong Special Administrative Region in March this year.
New Zealand has a policy of relieving double taxation by unilaterally granting residents with credits for foreign tax paid on income that is also subject to New Zealand tax - up to the amount of New Zealand tax liability on that income.
However, double taxation agreements also specifically eliminate certain forms of double taxation, reduce withholding taxes on cross-border investments, prescribe how certain profits are to be calculated, exempt some short-term activities and enable information to be exchanged between tax administrations.
Following the meeting Mr Tsang took a look at an upgraded superyacht lifting facility at Orams Marine Village, which is an integral part of New Zealand's multi-million dollar marine sector.
Please click here for photos of the breakfast
Investment Protocol talks need your help
October 28 2010
A comprehensive Investment Protocol between New Zealand and Hong Kong is about to be negotiated and HKNZBA members are being asked to contribute.
The Investment Protocol comes out of the Closer Economic Partnership (read free trade agreement or FTA) between NZ and HK, signed in March this year. As part of the CEP the two sides agreed to establish an investment protocol within two years of the CEP coming into effect.
Thomas Haidon from the Ministry of Foreign Affairs and Trade (MFAT) trade and negotiations division is leading the negotiations for NZ. He is personally calling on people like Arran Boote, our HKNZBA executive member who gave a presentation at the CEP NZ Roadshows on how to maximize the CEP, China FTA and HK-China CEPA. But he is also keen to hear from any HKNZBA member, or their associates, who have knowledge of/an interest in Hong Kong's investment environment and regulatory regime.
Thomas is particularly keen to talk to New Zealand business people who have invested in Hong Kong, or who are involved/work in the banking/finance sector. He wants insights and views on the Hong Kong investment environment: market access issues and interests, regulatory and non-regulatory issues faced by investors, and how the current bilateral investment regime might be improved.
With the first round of negotiations are set to take place from November 10 - 11 in Hong Kong, between Hong Kong's Trade and Industry Department and MFAT, time is of the essence. Please contact Holly Warren, vice-consul at the NZ Consulate in Hong Kong, to arrange how to talk to or email Thomas Haidon. Holly can be contacted on +852 2524 6321 or by emailing Holly.warren@mfat.govt.nz
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About HKNZBA
Hong Kong and New Zealand are strong trading partners with two way trade currently passed one billion, recorded a total of $1.01 billion in the calendar year of 2010. Exports were up by 9% on the previous year. The Closer Economic Partnership between NZ and HK entered into force on 1 January 2011.
The Hong Kong New Zealand Business Association (HKNZBA) has been helping foster business links since it was founded in 1988. Membership has grown to include major corporates, SMEs and individuals, some whom have joint membership with its sister organisation the New Zealand Chamber of Commerce in Hong Kong.
HKNZBA works with ‘Hong Kong Inc.’- Hong Kong Trade Development Council, Hong Kong Economic and Trade Office, Invest Hong Kong and Hong Kong Tourism Board – to provide its members with a solid network of contacts in Hong Kong and substantial knowledge databases.
Similar links are in place with the Ministry of Foreign Affairs and Trade and New Zealand Trade and Enterprise.
HKNZBA is a member of the Federation of Hong Kong Business Associations Worldwide, a unique network of 32 Hong Kong Business Associations in 24 countries with over 11,000 individual associates, which offers membership advantages in Hong Kong. HKNZBA welcomes new members with business links with Hong Kong.
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