The Hong Kong General Chamber of Commerce (HKGCC) welcomes today’s (10 April) announcement by the Commerce and Economic Development Bureau (CEDB) regarding the Hong Kong Export Credit Insurance Corporation’s (HKECIC) introduction of a new round of support measures to assist Hong Kong exporters in expanding into emerging markets. This follows the U.S. decision to implement so-called reciprocal tariffs on Hong Kong.

The HKECIC has launched three key initiatives: providing free pre-shipment risk coverage for eligible SMEs; offering a 50% discount on pre-shipment risk coverage for other policyholders; and reducing premium rates for emerging markets to promote market diversification.

Chamber Chairman Agnes Chan remarked, “These measures will boost confidence among Hong Kong businesses, particularly SMEs, enabling them to tap into the significant growth opportunities in emerging markets such as ASEAN and the Middle East. Hong Kong’s nimble SMEs are well-equipped to capture new prospects and lessen their reliance on traditional markets.”

The Chamber emphasized that market diversification is key to minimizing economic risks and reducing dependency on volatile markets. It remains committed to working closely with businesses and the Government to ensure the private sector’s needs are effectively addressed.

SOURCE: https://www.chamber.org.hk/en/media/press-releases_detail.aspx?ID=3802 

Media inquiries: Please contact Ally Wan at 2823 1266  / ally@chamber.org.hk