TDC strategy aims to hone economic edge

PUBLISHED : Thursday, 30 October, 1997, 12:00am
UPDATED : Thursday, 30 October, 1997, 12:00am

The Trade Development Council is reviewing its strategy in a bid to maximise competitive advantage, according to executive director Michael Sze.

Mr Sze, speaking at the opening of yesterday's Pen & Paper fair, said: 'We are conducting a number of on-going studies into the changing patterns of Hong Kong's trade and various aspects of our competitiveness.' Hongkong Bank has identified boosting competitiveness as the key issue in improving the SAR's economic performance.

The council has set up offices in Sao Paulo, Brazil, and Singapore, to meet the changing needs of SAR companies.

The council's income from trade fairs for 1997-98 is expected to be $378 million, rising to $467 million next year.

The opening of the extension to the Convention and Exhibition Centre in June is expected to boost revenues and increase the number of trade shows.

Mr Sze said the extension would more than double the amount of space available for trade fairs and conferences.

'Much of what we're doing is aimed at helping the 'little guy' compete more successfully,' he said.

'Small and medium-sized enterprises are the backbone of the economy. Enhance their individual competitiveness and you greatly enhance Hong Kong's overall competitiveness.'