Budget Speech

Exchanges and Co-operation with Taiwan

52.      To enhance the co-operation between Hong Kong and Taiwan, the SAR Government has decided to set up the Hong Kong-Taiwan Economic and Cultural Co-operation and Promotion Council (ECCPC). The ECCPC will discuss matters of mutual interest and enhance co-operation in various respects with its counterpart in Taiwan, the Taiwan-Hong Kong Economic and Cultural Co-operation Council (ECCC).

53.      At the corporate level, the Hong Kong-Taiwan Business Co-operation Committee (BCC) comprising members of the local commercial sector and Taiwan businessmen in Hong Kong will be set up. The BCC will discuss with the Economic Co-operation Committee under the ECCC ways to foster co-operation between Hong Kong and Taiwan in trade and investment.

54.      Hong Kong and Taiwan have been liaising closely on the establishment of the new co-operation platform to kick-start collaborations on various fronts, fostering mutually beneficial co-operation between the two places. Once the new platform is established, I hope to lead a delegation of ECCPC and BCC members to Taiwan to discuss issues on bilateral co-operation.

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