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Turkish business community prepares for Belt and Road Summit in Hong Kong
The DEİK Türkiye-Hong Kong Business Council is planning a delegation visit to China’s Hong Kong Special Administrative Region from September 7 to 11. Türkiye’s exports to Hong Kong rose 9.2% in 2024 to reach $976.2 million, while bilateral trade totaled $1 billion.
The DEİK Türkiye-Hong Kong Business Council is planning a delegation visit to China’s Hong Kong Special Administrative Region from September 7 to 11 as part of the Belt and Road Summit.
The visit aims to strengthen economic and trade relations between Türkiye and Hong Kong, assess investment and cooperation opportunities, and increase direct contacts between the two sides’ business communities.
Companies from various sectors to meet at summit
Companies operating in infrastructure and construction, banking and finance, investment, mining, technology and innovation, electronics, energy, and logistics are expected to attend the summit, held as part of the Belt and Road Initiative.
The program is expected to include bilateral business meetings and investor gatherings. The visit is expected to help Turkish companies take on a greater role in projects under the Belt and Road Initiative.
Exports to Hong Kong reach $976.2 million
Türkiye’s exports to Hong Kong rose 9.2% in 2024 from the previous year to reach $976.2 million. During the same period, Türkiye imported $65.2 million worth of goods from Hong Kong and recorded a foreign trade surplus of $911 million.
Trade between Türkiye and Hong Kong totaled $1 billion in 2024. Türkiye’s main exports to Hong Kong included jewelry, machinery and mechanical appliances, electrical machinery and equipment, ships and floating structures, and iron and steel.
Major product groups imported from Hong Kong included jewelry, electrical machinery and equipment, printed books, and optical, photographic, measuring, and medical instruments and devices.
Mutual investments also on the agenda
Türkiye made approximately $7 billion in foreign direct investments in 2024. Hong Kong accounted for $17 million of these investments.
During the same period, Türkiye received approximately $7 billion in foreign direct investment, with Hong Kong-based investment totaling $81 million.
Hong Kong stands out as a gateway to Asia-Pacific markets
Hong Kong’s rapid and easy access to the mainland Chinese market makes it an important trade and financial center for Turkish exporters. With this feature, Hong Kong is viewed as a gateway for Turkish companies seeking to reach China and the wider Asia-Pacific markets.
Türkiye’s approach to aligning its Hazar-crossing Middle Corridor initiative with China’s Belt and Road Initiative highlights the goal of strengthening trade and logistics links between Asia and Europe.
The Hong Kong visit aims to increase trade volume, develop mutual investments, and enable Turkish companies to take a greater role in projects under the Belt and Road Initiative.
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