InnoSpace Thailand is set to sign a Memorandum of Understanding (MOU) on startup development with partners from Hong Kong on February 28th, 2019.
The Director-General of the Department of Industrial Promotion (DIP), Kobchai Sungsitthisawad, said the collaboration between InnoSpace Thailand, a public-private joint venture established to support Thai startup businesses, and Hong Kong partners, namely HKTDC, HPA, and HK Cybersport, will help startup companies in Thailand gain better support thanks to wider expertise.
The signing ceremony will be witnessed by Thailand’s Deputy Prime Minister, Dr. Somkid Jatusripitak, and the Chief Executive of Hong Kong, Carrie Lam.
InnoSpace Thailand is an organisation focused on the promotion of commercial Deep Technology (Deep Tech) in startup businesses and ecosystems development. It has partnerships with domestic and international government agencies and private firms on business incubation, knowledge base, and investment.
The joint venture is the only organization in Thailand focusing on Deep Tech startup promotion, instead of Fintech and mobile application development promotion programs widely available. With the new partnership, InnoSpace Thailand now expects to serve no less than 50 startup companies this year. National News Bureau Of Thailand
Commerce Ministry, Hong Kong to discuss economic expansion
The Ministry of Commerce will welcome representatives in the public and private sectors from Hong Kong this week. on February 27th and 28th, 2019.
The Deputy Minister of Commerce, Chutima Bunyapraphasara, said the Chief Executive of Hong Kong, Carrie Lam, will lead a group of delegates from Hong Kong’s public and private sectors to Thailand on February 27th and 28th, 2019.
They are scheduled to meet with the Deputy Prime Minister, Dr. Somkid Jatusripitak, who is in charge of economic affairs.
The group will also participate in an activity to establish “Thailand-Hong Kong Strategic Partnership”, organized by the Department of International Trade Promotion (DITP) in collaboration with related agencies.
The two sides have agreed on a number of joint initiatives. One of them is an initiative to give Thailand more access to Hong Kong as a route to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), which will take effect soon.
Dodging import tariffs imposed by the US : Look before you leap
Manufacturers planning a factory move should tally the operating costs and consider whether it is economically viable.
One option when faced with high import tariffs imposed by the United States is to return high-value manufacturing to Hong Kong, delegates at the Hong Kong Trade Development Council’s research seminar “Sino-US Trade Dispute − Relocation and Domestic Sales” heard.(more…)
GSP offers exporters safe passage to US
Trade talks between Mainland China and the United States resumed earlier this month but consensus has yet to be reached.
As the US continues to impose additional tariffs on many mainland imports, Hong Kong traders are looking to cushion the impact by actively shifting some of their production or procurement bases to Association of Southeast Asian Nations (ASEAN) countries that benefit from America’s Generalized System of Preferences (GSP).(more…)
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