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Business Monitor International forecasts Hong Kong freight transport
will grow by an annual average of 4.3% over the next five years
to 2011, to be driven by sea and air, the two dominant sectors.
According to BMI's Hong Kong Freight Transport Report Q2 2007,
the freight industry competitive environment in Hong Kong is very
healthy, with no restrictions on foreign entry. Freight transport,
largely dominated by the private sector, has a large number of
market players of which many are major international corporations.
BMI rates the Hong Kong regulatory environment as one of the best
in the Asia Pacific region with local authorities supporting a
strong, open and market friendly economy. It cites the port of
Hong Kong and the international airport as well regulated and
operated, with particular attention to safety and security standards.
It also gives high credit to Hong Kong's continued investment
in transport infrastructure, particularly in the case of shipping
and airfreight.
The Hong Kong port handled 17.704mn TEUs of containerised cargo
in the first nine months of the year, at a 2% increase over the
same period last year. In September, the Hong Kong port, including
container terminals 1-9, handled 2.05mn TEUs, at a rise of 3.6%.
Across the boundary, the Shenzhen ports handled 2.06mn TEUs in
September, some 15.6% more than the same month last year. From
January to September 2007, the Shenzhen ports handled an accumulated
container traffic of 15.4mn TEUs, at a growth rate of 14.2%.
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