HK to bid for hosting ITU Telecom World 2006

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Last updated at: (Beijing Time) Thursday, October 09, 2003

HK to bid for hosting ITU Telecom World 2006

Hong Kong will bid to host the International Telecommunication Union's ITU Telecom World 2006, a government press release said here Wednesday.

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Hong Kong will bid to host the International Telecommunication Union's ITU Telecom World 2006, a government press release said here Wednesday.

Secretary for Commerce, Industry and Technology John Tsang willgo to Geneva on Oct. 13 to attend ITU Telecom World 2003, where hewill lobby for support from the ITU and the industry to host the 2006 event and deliver a keynote address at the ITU Telecom World Forum on "Opening up trade in telecoms".

ITU Telecom World is the most prestigious gathering in global telecommunications, bringing together leading telecoms experts from the public and private sectors, heads of state, ministers, regulators and CEOs of multinational corporations.

A spokesman for the Commerce, Industry and Technology Bureau noted that with China's mainland opening its information and communications technology market to Hong Kong companies under the Closer Economic Partnership Arrangement, and to the world under the World Trade Organization, Hong Kong is the ideal venue for bringing together leading executives in the information and communications technology industry from around the world to explore their market opportunities in the Chinese mainland

According to the spokesman, the direct economic benefits generated by the event would amount to around 1.2 billion HK dollars (154 million US dollars), while the estimated cost of hosting the event stands at 70 million HK dollars (8.97 million dollars).

"Hosting the next ITU Telecom World will significantly raise Hong Kong's image as both an international telecommunications and Internet hub and an exhibition and conference center. What's more,it will enhance Hong Kong's reputation as a major business center in the region," the spokesman said.

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