Trade growth full of East­ern prom­ise

The Peterborough Evening Telegraph - - Et Business Daily - By JOHN KRALEVICH john.kralevich@pe­ter­bor­oughto­day.co.uk *Peter­bor­oughet

BUSI­NESSES con­tinue to set their sights over­seas to boost the do­mes­tic econ­omy, with the Asian mar­kets be­ing an at­trac­tive propo­si­tion.

Chris Ku­bicki, chair­man of the Cam­bridgeshire Cham­bers of Com­merce In­ter­na­tional Sec­tor, said: “More Bri­tish busi­nesses are be­gin­ning to look over­seas in or­der to grow, which is prov­ing to be a lu­cra­tive strat­egy, with 40 per cent of UK ex­porters re­port­ing an in­crease in ex­port sales in the last quar­ter.

“The Far East would ap­pear to be the ex­port des­ti­na­tion of choice, with many mar­kets show­ing healthy signs of growth. China, a huge po­ten­tial des­ti­na­tion, has an econ­omy that is ex­pected to grow by 8.4 per cent in 2012.

“By ex­plor­ing the mar­kets of Hong Kong, Bri­tish busi­nesses can take ad­van­tage of the strong his­tor­i­cal and cul­tural links, and find an en­vi­ron­ment al­ready at­tuned to do­ing busi­ness in the UK.

“By util­is­ing the al­ready strong his­toric ties, busi­nesses can use Hong Kong as a spring­board for en­ter­ing into the thriv­ing South Asian economies.”

At a re­cent Hong Kong-themed event, Cam­bridgeshire cham­bers of Com­merce wel­comed stu­dents from the MBA pro­gramme at Hong Kong Univer­sity.

The sem­i­nar pro­vided an op­por­tu­nity for the stu­dents and busi­nesses to dis­cuss de­vel­op­ments in the area and the prospects for lo­cal com­pa­nies.

The event, or­gan­ised by the Cham­bers’ in­ter­na­tional sec­tor, in­cluded a panel of guest speak­ers to cover the many dif­fer­ent as­pects of trade in Hong Kong, in­clud­ing David Mars­den from the Hong Kong Trade De­vel­op­ment Coun­cil, and Bjorn Segerblom from the Hong Kong Sci­ence and Tech­nol­ogy Park.

The event was spon­sored by Streets Char­tered Ac­coun­tants and Nat west.

The pre­sen­ta­tion slides are avail­able on the cham­ber web­site, www.cam­bridgeshirecham­ber.co.uk

busi­ness abroad: Chris Ku­bicki is pic­tured among a del­e­ga­tion of MBA stu­dents from Hong Kong Univer­sity at a re­cent Cham­ber sem­i­nar.

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