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AsiaNow eNews, September 2007

MARKET OF THE MONTH: HONG KONG

There is no other way of saying it - Hong Kong is simply a great place to do business! U.S. companies can leverage Hong Kong's business-friendly regulatory environment, low taxation rates, strong legal system, and impressive infrastructure, to access new export markets in China and throughout Asia.

Not to be left behind is another Special Administrative Region of the People’s Republic of China, Macau. Macau has attracted billions of dollars in investment from the major Las Vegas and other international gaming companies, including MGM, Wynn Resorts, Venetian Sands and PBL. This has created huge opportunities for suppliers of building materials, gaming equipment, security technology, F&B products and services, hospitality training services and a wide range of consumer goods.

Live it up in Hong Kong and Macau! Click here for more information on these markets.

SPECIAL FEATURE: ASIAN COSMETICS MARKET

 Asian Cosmetics and Toiletries markets are booming; U.S. suppliers are competitive!

DID YOU KNOW THAT:

  • 14 markets for cosmetics and toiletries in Asia Pacific valued at over US$34 billion.
  • Japan has the largest cosmetics and toiletries market, followed by China, South Korea, and India. 
  • Hong Kong is the most open market in Asia for selling cosmetics and toiletries; zero import duties, no registration/labeling requirements. 
  • Over 12 million middle-class Chinese consumers travel to Hong Kong every year -- Cosmetics are a top purchase!!!

Learn more by downloading the Hong Kong Cosmetics Market Podcast.

MEET ASIAN BUYERS AT COSMOPROF ASIA: COSMOPROF ASIA - November 14 - 16

This is the region's largest Cosmetics and Toiletries exhibition -- meet buyers from throughout Asia at this event! More information: http://www.buyusa.gov/hongkong/en/exhibitatcosmoprof.html

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