Hong Kong businesses remain dedicated to engaging in dialogue with US trade, despite the Hong Kong General Chamber of Commerce’s decision to postpone a business visit, according to lawmaker Jeffery Lam Kin-fung.
His comment came as the chamber has postponed a US business trip that was originally scheduled to begin on April 24, citing market volatility and policy uncertainty amid ongoing US-China trade tensions.
The seven-day visit will be rescheduled for later this year, he said.
Lam, a lawmaker representing the chamber, said on Monday that the decision to delay the trip came after careful consideration.
“We are committed to communication and maintaining dialogue through various channels,” Lam said during a radio program.
Lam explained that with trade policies in flux, the chamber determined it prudent to wait until at least the second half of the year before proceeding with the visit.
The business leader emphasized that Hong Kong companies must diversify beyond the US market to ensure long-term viability, noting particular interest in Southeast Asia, Africa and South America, while mainland China remains the most significant market.
Lam revealed plans for potential European trade missions later this year, describing strong interest from European counterparts seeking access to Chinese markets through Hong Kong’s financial hub.
“The shift of economic gravity eastward is already happening,” he said.
The legislator shared insights from American business contacts suffering under the tariff regime, particularly manufacturers dependent on Chinese supply chains.
“They’re facing critical parts shortages that could leave store shelves empty by Christmas,” Lam said.
“Nobody wants children going without holiday gifts.”
(Ayra Wang)
