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It is my pleasure to review the work of the FHKI during my first
year as chairman. I have seen the FHKI build on past achievements
as we continue to work with industries and governments to further
advance Hong Kong’s economic development.
2007-2008 was a hectic year that kept us occupied on many
fronts; it is not surprising that the frantic pace of development
in the Mainland produced several changes which impacted on
Hong Kong industries in one way or another. The FHKI had a full
schedule consulting with industries and authorities on various
events as they unfolded during the year.
A few major items from the past 12 months immediately spring
to mind, particularly those which undoubtedly have an effect on
the foreseeable future. The Mainland passed numerous landmark
legislations, with the new Labour Contract Law and Corporate
Income Tax Law which have, comparatively speaking, immense
impact on our industries.
“2007-2008 was a
hectic year that kept
us occupied on many
fronts, and consulting
with industries
and authorities on
various events as they
unfolded during the
year.”
We have been very vocal in our consultations with both industries
and Mainland authorities. We have paid particular attention to
regarding the Labour Contract Law, which potentially restructures
labour relations. Although we are glad to see that some of our
recommendations concerning remuneration, were incorporated
into the Law, our work is not finished and we shall continue to
engage all stakeholders with updates and clarifications.
Other developments redefining the way we do business include
green manufacturing. Environmental concerns have been
top priority for many years, and now with WEEE and RoHS,
manufacturers have made solid steps towards greener production.
In June last year, the REACH directive became effective, and in
addition to other environmental regulations around the world, it
is unmistakably clear that environmental regulatory regimes will
increasingly govern how production and supply chains operate.
In keeping with such momentous albeit gradual changes, our
Hong Kong Green Manufacturing Alliance (HKGMA) continues to
expand its scope updating members with the most relevant and
latest developments. This is being achieved with more seminars,
workshops, missions and exhibitions. Just recently in April, the
HKGMA visited Brussels to meet with the European Commission
and European Chemicals Agency to further understand REACH
compliance.
FHKI Annual Report 2007-08