Established in October 2019, the Portugal-Hong Kong Chamber of Commerce and Industry (“PHKCCI”) is a non-profit private organization that aims to promote trade, economics and cultural relations between Portugal and Hong Kong, providing a platform for companies and individuals to learn more about Portugal and Hong Kong and to find new business opportunities.
CW CPA is proud to be invited as a Supporting Member of the PHKCCI and was graced by the visit of Goncalo Frey Ramos, Vice President of PHKCCI in early 2020, sharing with the PHKCCI the objective of encouraging business cooperation between Portugal and Hong Kong.
On 18 June 2020, the PHKCCI organized the webinar “Hong Kong and Portugal: Access to Third Markets – to the Greater Bay Area and Portuguese Speaking Countries” chaired by Bernardo Mendia, President of the PHKCCI. Kemelly Vera, Advisor of CW CPA, and Luis Bravo, Director of Bison Bank, were invited as speakers. They highlighted the benefits of doing business in Hong Kong and Portugal.
Following the webinar, Bernardo Mendia was interviewed by China’s largest news agency, Xinhua News Agency, and published in its Portuguese version, acknowledging the integration of Guangdong-Hong Kong-Macau Greater Bay Area (GBA) would bring opportunities and advantages for foreign companies in Hong Kong.
“For foreign companies, entering Hong Kong will mean entering in nine Chinese mega-cities and the Macao Special Administrative Region simultaneously,” said Bernardo. “The greater the integration of the region, the greater the advantages for entrepreneurs.”
Bernardo also mentioned, during the interview, that both Portugal and Hong Kong are gateways to large markets with common advantages such as legal, fiscal and financial regimes that are friendly to foreign investment, a broad command of the English language by their citizens, good transport and telecommunications, freedom of capital flow and qualified human resources. These factors attract entrepreneurs to develop their business in both places.
Bernardo hopes that companies in Portugal and Hong Kong will look for business complementarities and establish partnerships with mutual gains to build the necessary trust for lasting cooperation.
Interview article published in Xinhua Portuguese: http://portuguese.xinhuanet.com/2020-06/26/c_139168842.htm
Link to the webinar (in English): https://www.youtube.com/watch?v=8twnj5AOSrw
(If you wish to join the PHKCCI, please contact Kemelly Vera by email at firstname.lastname@example.org.)
Written by Ivo Pang, Intern of Latin Department, CW CPA