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June 2008 Issue No.7Home
Markets And Industries
A 30-hour trip that's worth the wait

It takes some 30 hours or so by air to travel from Hong Kong to Santiago, Chile. But the gruelling journey via the US West Coast is well worth it for Hong Kong exporters aiming to enter probably the most exciting market in Latin America.

The Heritage Foundation rates Chile the freest economy in Latin America and third freest of the American economies after the US and Canada. Chile has one of the most stable economies, with GDP growth averaging more than 5% over the decade to 2007. It also has the highest per-capita GDP and the lowest average inflation rates among major Latin American countries.........

Oil is thicker than water in Kuwaiti building bonanza

With global oil prices touching the upper levels of the cycle, oil-rich economies in the Middle East have become an increasingly lucrative market for product and service exports. Top of the list of ways to spend the plentiful supply of oil revenue is infrastructure, and tiny Kuwait, with the world's fifth largest proven oil reserves, is very much a niche market for Hong Kong's global-minded infrastructure and real estate companies.

Kuwait is a member of the Gulf Co-operation Council (GCC) also comprising Saudi Arabia, Oman, Bahrain, Qatar and UAE, all of which to some degree have splashed out on large real estate and infrastructure projects.........

Cheers all round

Hong Kong is to host a new International Wine Expo in August in the opening salvo of its bid to become a regional wine trading and distribution centre.

The Expo is to run concurrently with the established Food Expo and will host wine dealers, cellar makers, producers and suppliers of related services from Hong Kong, Asia and the rest of the world.

Hong Kongs wine distributors aim to create a one-stop platform for exhibitors and buyers to meet and explore business opportunities in the booming markets of Asia, particularly the Chinese mainland.........

"Raw prawns" and the environment Down Under

There was a time when many Australians would look askance at the prospect of protecting the environment in our country, a land well known by its inhabitants for its sunshine, unspoiled views and seascapes, and outdoor lifestyle. To suggest the feast of environmental features we saw on a daily basis now needs sustaining would have been to "come the raw prawn". But not anymore. Serious droughts over the past few years and global attitudes to sustainability have seen a deep change of heart.........