Hong Kong Timepiece Total Exports Value up 17.3%

Hong Kong Chief Secretary Henry Tang says the timepiece industry's total export value saw a 17.3 percent rise in the first half of this year over a year earlier, to more than 25 billion HK dollars, or about 3.2 billion US dollars.

Opening the Watch & Clock Fair, Tang said the manufacturers, designers and distributors are facing tougher challenges in a more competitive market with shorter product lifecycles.

The timepiece market is particularly dynamic and competitive. Consumers worldwide pay more attention to the evolving fashion, design and innovative elements. Product lifecycles are getting shorter and the challenges for manufacturers, designers and distributors are getting tougher.

He said the government will help them to develop original designs and brand names, and groom creative talent by investing in tertiary and continuing education programs.

 

Tang also noted Last month a new CEPA supplement was signed which increases the number of service sectors covered by the Arrangement to 40.

He said there are pilot measures enhancing co-operation between Hong Kong and Guangdong in intellectual property protection and branding development. 

He said There are also several pilot measures specifically related to co-operation between Hong Kong and our neighboring province of Guangdong. These include key areas such as protection of intellectual property and branding development.

Source: CRIEnglish