Bilateral relationship between Hong Kong and Finland is strong. Total trade between the two economies amounted to US$0.4 billion in 2019. In the same year, around 5.0% or US$0.3 billion of the total trade between Finland and the Mainland of China routed through Hong Kong.
In 2019, Hong Kong’s main exports to Finland were jewellery (40.3%); printed matter (19.9%); and toys, games and sporting goods (12.2%).
In 2018, Hong Kong and Finland signed a Comprehensive Avoidance of Double Taxation Agreement (CDTA). The CDTA sets out the allocation of taxing rights between the two jurisdictions and helps investors better assess their potential tax liabilities from cross-border economic activities in the two places.
In 2009, Hong Kong and Finland signed an Investment Promotion and Protection Agreement (IPPA). Under the IPPA, the two sides undertake to provide equal treatment of investors, compensation for expropriation of investments, free transfer abroad of investments, and settlement of investment disputes in accordance with internationally accepted rules. The IPPA facilitates investment and trade flows between Hong Kong and Finland, benefiting the economic development of both places.
A number of high-level reciprocal visits between the two places underline the deepening bilateral ties. In 2018, the Finnish Minister of Transport and Communications, Ms Anne Berner, visited Hong Kong to attend the inauguration ceremony of Nordic Innovation House in Hong Kong where she met with the Chief Executive of the Hong Kong SAR, Mrs Carrie Lam. In the same year, the State Secretary to the Prime Minister of Finland, Ms Paula Lehtomäki, paid an official visit to Hong Kong, in which she delivered a keynote speech at a seminar on the business of sustainable development in Hong Kong and gave a lecture at the Baptist University of Hong Kong.
From Hong Kong, in 2019, a delegation of the Legislative Council Panel on Education visited Helsinki to gain a better understanding on the Finnish education system. In 2018, the then Secretary for the Civil Service, Mr Joshua Law, paid an official visit to Helsinki and met with the Finnish Permanent Under Secretary of the Ministry of Finance, Ms Päivi Nerg, to exchange views on the management and development of the civil service. In 2016, the then Secretary for Financial Services and the Treasury, Professor K C Chan, visited Helsinki. During his visit, Professor Chan called on the Finnish Minister of Justice and Employment, Mr Jari Lindström, and joined a roundtable discussion on Fintech development.
In 2019, 21471 visitors from Finland visited Hong Kong.
Useful information in Hong Kong
Consulate General of Finland, Hong Kong
10/F Club Lusitano, 16 Ice House Street, Central, Hong Kong
Tel: (+852) 2525 5385
Fax: (+852) 2810 1232