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Trade Mission 2016 - First Day in Hong Kong

Published Wednesday May 04 2016

Monday 2 May 2016 marked the first day of this year's trade mission in China led by Deputy Prime Minister, Minister of the Economy, Étienne Schneider.

The mission kicked off with a reception in Hong Kong assembling the Luxembourg business delegation and the Grand Ducal business community based in Hong Kong. Thirty representatives of the Hong Kong-based Luxembourg community were present for the occasion to exchange views with those in attendance.

This delegation is headed by His Royal Highness the Crown Prince in presence of Her Royal Highness the Crown Princess and led by H.E. Mr. Étienne Schneider, Deputy Prime Minister and Minister of the Economy.

The mission will especially focus on automotive, tourism, logistics, innovation, trading and financial services. The target regions are developed metropolitan cities located on the south and east coasts, the entrance gate of mainland China, and the capital city, respectively Guangzhou (Canton), Hong Kong, Shanghai and Beijing.

The mission will start with an accompanied visit to the China Import and Export Fair. Economic seminars followed by tailor-made B2B matchmakings will be organised in the cities of Hong Kong, Shanghai and Beijing. The agency ʺLuxembourg for Tourismʺ will organise promotional workshops. Companies may also participate in the Automotive Component Workshop as well as the celebration of the 10th anniversary of the Consulate General of the Grand Duchy of Luxembourg and the Luxembourg Trade and Investment Office in Shanghai.

The trip forms part of a commitment to deepen the work in investment promotion started several years ago. In addition, the mission aims to position Luxembourg as a centre of innovation in a context where the Chinese government encourages enterprises to invest more in R&D. The mission focuses on the automotive sector, particularly present in Luxembourg, and for which China is the biggest market in the world. In addition, promoting the Grand Duchy and its tourist attractions forms another part of the program.