The Hong Kong Trade Development Council (HKTDC) plans to host a conference next year to foster collaboration with Gulf states, the body’s new head has said, adding that US President Donald Trump’s unpredictable policies could result in further changes to its export projections.
Frederick Ma Si-hang, who took office on June 1, also said on Sunday that the council was exploring the feasibility of organising exhibitions at government venues to address an ongoing shortage of event spaces.
On the subject of Trump, he said the unpredictability of the United States president’s policies had led to a slowdown in investment growth globally and could result in further adjustments to the council’s export projections for the city.
The body earlier lowered its 2025 export growth forecast for Hong Kong from 4 per cent to 3 per cent.
The former treasury minister said the city needed to revive and strengthen its historical role as a connector for trade, while noting he was the first Hong Kong official to lead a delegation to the Middle East in 2006.
Ma said that the city’s trade with South Asian and Middle Eastern countries had grown by more than 30 per cent in recent years, with investors from those regions becoming increasingly active.
