The Hong Kong Electronic Industries Association (HKEIA) as one of the Hong Kong representatives to attend the SelectUSA Investment Summit which dedicated to promoting foreign direct investment (FDI) in the United States in Washington D.C. on 10-12 June 2019. Mr Basil Wai, CEO of the HKEIA attended the highest-profile event with aims to collect first-hand business opportunities information. The Summit connects qualified foreign firms directly with U.S. economic development organizations (EDOs) to facilitate business investment and job creation.
Each Investment Summit focuses on the U.S. investment environment, industry trends, and new opportunities. Additionally, the Investment Summit features senior government officials, C-Suite business executives, and other thought leaders.
The Summit aims in attracting and facilitating international investment into the United States by raising awareness of the wide range of opportunities and positive business climate and facilitating vital direct connections between investors and EDOs.
According to the Select USA, the 2019 SelectUSA Investment Summit has drawn more than 3,100 participants including 1,200 business representatives to the Washington, D.C. area. Past participants have announced more than $103.6 billion in investment projects within five years of attending the Summit, supporting more than 167,000 U.S. jobs. More than 65 international companies joined Secretary Ross and Ivanka Trump at a ceremonial signing of the Pledge to America’s Workers, having committed to create more than 900,000 workforce development opportunities for American workers.
Besides, the Hong Kong Economic &Trade Office, USA organised a cocktail reception to receive overseas government officials and representatives from different industries on 11 June 2019. Mr Edward Yau, the Secretary for Commerce and Economic Development as a guest speaker to share his view on Hong Kong’s economic development and challenges. HKEIA CEO, Mr Basil Wai met Mr Eddie Mak, JP, Hong Kong Commissioner, USA and Mr. Hanscom Smith, US Consul General in Hong Kong who previously served as Consul General in Shanghai and as Director of the Office of Chinese and Mongolian Affairs at the Department of State in the cocktail reception.