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HONG KONG
India - Hong Kong Economic and Commercial
Relations
Overview
Hong
Kong is one of the top ten trading economies
in the world. Its annual trade is more than
US$400 billion. It is Asia-Pacific’s premier
import/export hub for intra-Asian trade,
as well as trade between East and West and
between the Chinese mainland and the rest
of the world. For the period January - November
2003, India was the 13th important trading
partner of Hong Kong as compared to being
the 17th trading partner in 2002.
India- Hong Kong bilateral trade has crossed
the US$ 4 billion mark and India-Hong Kong
trade reached US$ 4.5 billion (+25.4%).
Indian exports reached US$ 2.85 billion
(+22.6%). Of this, US$ 1.5 billion (+19.8%)
worth of goods were re-exported to other
countries via Hong Kong. Hong Kong exported
US$ 1.65 billion (+30.5%) worth of goods
to India. Hence, India has a positive trade
balance of US$ 1.1 billion during January
–November 2003.
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