Hong Kong Freight Transport and Shipping Report Q4 2017
The Hong Kong economy is set to receive a steady boost over the course of the five years to2021 with all trade indicators pointing upwards. As such, we anticipate a positive uptick across HongKong's freight modes in 2017. The increase in air and inland waterways will be stronger as these segmentshave room for significant expansion. Road freight will remain under pressure as the sector faces increasinglevels of saturation. Improved trade activity and new trade agreements will pose an upside risk to ourforecast.
Latest Updates And Forecasts
Hong Kong is increasing bilateral trade with India by establishing an Economic and Trade Office (ETO)in the country. Bilateral trade activity is also to benefit from closer relations with Indonesia and Australia.Australia hopes to sign a free trade agreement with Hong Kong to secure better access to the domesticmarket, while Indonesia views Hong Kong as a crucial partner in economic and trade growth.
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