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Trade Relations Between US and Hong Kong Is Unaffected Despite Sanctions Imposed On Hong Kong City Leader

Secretary of Commerce and Economic Development Algernon Yau (Photo: thestandard)

Despite the sanction imposed by the White House on Hong Kong’s city leader, trade relations between Hong Kong and the United States remain unaffected.

Secretary of Commerce and Economic Development Algernon Yau (Second Left) (Photo: nfo.gov.hk)

US-Hong Kong Trade Relations Stay Unaffected

SOURCE– The Secretary of Commerce and Economic Development, Algernon Yau, confirmed that despite the sanctions imposed on Hong Kong’s city leader by the White House, trade relations between the two regions remain unaffected.

Despite the geopolitical tussle, American enterprises are still optimistic in regard to their trade relations with Hong Kong and their business prospects in the prime financial hub.

Secretary of Commerce and Economic Development Algernon Yau ensures that the trade relations between the two regions have not dented and that American Enterprises still sees a positive outlook in terms of business opportunities in Hong Kong.

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Facing Geopolitical Complexities Pushed The Hong Kong Government To Concentrate On Economic Diversification For Much Better Trade Relations

As Hong Kong is facing geopolitical issues, the government is doubling its effort for economic diversification, a strategy for the betterment of their trade relations.

According to BNN, for the betterment of their trade relations, part of Hong Kong’s economic diversification is to establish consultancy offices in Turkey and Egypt. The establishment of those consultancy offices is to foster a closer tie between nations under China’s Belt and Road Initiative. The plan to implement its National Security Law next year will not erode the trade relations of Hong Kong, added Secretary of Commerce and Economic Development Algernon Yau.

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