News this week: The Hong Kong Trade Development Council (HKTDC) welcomed the latest budget from the Hong Kong government which features several measures aimed at bolstering the city’s small- and medium-sized enterprises (SMEs). The 2012 budget warned of an uncertain global economic outlook and included promises to: waive business registration fees, reduce charges for import and export declarations and profits taxes.
According to the HKTDC’s economists, the total value of the territory’s exports will be limited to 1% growth this year. The HKTDC will increase its efforts in promoting Hong Kong’s businesses to mainland Chinese enterprises as well highlighting the Hong Kong’s business platform and encouraging cross-border cooperation.
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