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Hong Kong plans to import electronic components from India

NG KONG: Hong Kong, the world's eighth-largest trading economy, sees "a good possibility" of importing consumer electronic components from India and will "encourage" local companies to set up assembly plants there with the aim of bolstering economic and business ties. Terming the potential entry as "a win-win situation", It has stressed on stepping up the programme of exchange and understanding between the two countries and signing of the Double Taxation Agreement and Investment Protection Treaty for promotion of trade and investments. However, on the bilateral trade front, Hong Kong expects a growth in exports to India, but sees imports from India to stay flat.

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