The Politics Of Hong Kong

1979 Words8 Pages
Political-regularity environment Policy can contribute to constrict or to empower business (Allan, M 2016). Based on the current situation, the joint venture needs to sell single malt whiskey to Hong Kong as well as import from Tasmanian (Australia). Therefore, the political-regularity environment of Hong Kong and Australia are vital to determine whether will Chet continue joint a venture. From the perspective of Hong Kong, firstly, Hong Kong government advocates a free market and free enterprise framework, which could create a favourable business environment for new enterprise whose intend to invest in Hong Kong (Trade and Industry 2015). Secondly, Hong Kong as the member of the World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC) has a free trade policy, which could maintain no import tariffs and no barriers on trade (Trade and Industry Department 2014). Further, according to the Index of Economic Freedom (2016), Hong Kong has the highest index (88.6) in the world. This means for international trade and investment, Hong Kong maintains one of the most open economies in the world. Meanwhile, for foreign investment, Hong Kong has no tighter regulations and control. Most foreign-invested enterprises could retain their all ownership (Koscil 2011). Apart from that, Hong Kong is a Special Administrative Region of the People?s Republic of China and under the ?one country, two systems? principle (Gov HK 2015). Hence, Hong Kong has a small government,
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