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Hong Kong lawmaker urges firms to expand into emerging markets amid US visa pause
Jonathan Lamport tells SCMP the local business community is closely monitoring whether business visa processing, approvals will be affected
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Hong Kong companies should accelerate their expansion into the Middle East, the Asean bloc and Central Asia to reduce their exposure to geopolitical risks, a lawmaker has said, as the US moved to disrupt immigrant-visa appointments worldwide.
Jonathan Lamport, the representative for the Hong Kong General Chamber of Commerce (HKGCC) in the Legislative Council, said the visa uncertainty reinforced the need for companies to broaden their overseas presence beyond traditional Western markets.
“The business sector cannot put all its eggs in one basket,” he told the South China Morning Post on Wednesday.
“While we will continue to maintain our relationships with traditional markets like the US and Europe, we must also accelerate our strategic expansion into emerging markets such as the Middle East, Asean and Central Asia.”
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