Sri Lanka firms lured by Hong Kong trade fairs

Oct 14, 2009 (LBO) – A Hong Kong trade fair organiser offering Sri Lankan companies like clothing exporters a chance to participate in shows says foreign buyers are returning to the market although orders are smaller. “Because of cash flow problems caused by the financial crisis they are keeping orders small.”

The main exports from Hong Kong to Sri Lanka are mostly related to the apparel industry, such as knitted and crocheted fabrics and cotton fabrics.

Liu said she was in Colombo to attract Sri Lankan firms to take part in Hong Kong’s trade fairs.

“A lot of Sri Lankan companies are buying from Hong Kong. For instance, apparel exporters are buying buttons, zippers, and fabrics from trade fairs.”

The fashion show is held twice a year and draws about 1,400 exhibitors and 23,000 buyers from around the world.

The HKTDC is offering a special sponsorship programme worth 10.3 million US dollars for buyers from Sri Lanka.

“We sponsor buyers to come to the show for the first time. We offer 3-5 nights free accommodation, depending on the duration of the fair. Big buyers are also offered air tickets.

Liu said the sponsorship can help companies reduce costs as Hong Kong hotels are expensive.