Promoting Hong Kong as a Logistics Centre

73. With Hong Kong's excellent transportation facilities and the PRD's high productivity, together we can develop into a logistics hub to link the Mainland with the world. We can promote the development of an inter-modal system and consider other supporting facilities to speed up the flow of goods and information. The provision of integrated services will also strengthen Hong Kong's competitive advantage as a supply-chain base.

74. I have asked the Financial Secretary to chair a new Steering Committee on Logistics Development. The committee will give direction on accelerating the development of a logistics industry with Hong Kong characteristics. We will also set up a Logistics Development Council to provide a forum for the public and private sectors to discuss and co-ordinate matters concerning the industry and to carry out joint projects.