The Trade & Industry Advisory Board members showed unanimous support for the 14th Five-Year Plan and the National People's Congress' decision on improving Hong Kong's electoral system.
Secretary for Commerce & Economic Development Edward Yau today briefed the advisory body on the two initiatives which are timely, positive and important to Hong Kong's development.
He said the 14th Five-Year Plan supports the city’s future development in various key areas, demonstrating the central government's unwavering support for Hong Kong.
The members agreed that the plan's rich content is key to the city's development. The Government will press ahead with measures to bolster Hong Kong's competitiveness in relevant sectors.
The members also welcomed the 14th Five-Year Plan's support for Hong Kong in fostering ties with countries and regions around the world. The bureau will continue to establish close economic and trade relations with other economies and forge free trade and investment pacts.
On the National People's Congress' decision on improving Hong Kong's electoral system, Mr Yau briefed members that the decision could ensure the full and resolute implementation of "one country, two systems" and "patriots administering Hong Kong", and effectively enhance the city’s governance capability.
The members in particular agreed that the decision is urgently needed and significant as it could help deal with the reckless moves or internal rifts that have torn Hong Kong apart in recent years. As such, Hong Kong can focus on economic development and create a stable business environment so that the city can bounce back from economic difficulties and benefit its long-term development.
Members attending today's advisory board were representatives from major chambers of commerce, small and medium-sized enterprises as well as the professional services sector.
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