required report public distribution date 10 27 2006 gain number hk6028 hk0000 hong kong retail food sector annual approved by philip shull david wolf us consulate general prepared caroline yuen highlights hk imported 7 billion of high value and seafood products from the world in 2005 820 million which came total imports are running 8 higher expected to reach 6 while 870 a increase is second only china supplying many factors make an attractive market for exports these include affluent economy consistent rule law transparent import regulations free flow capital no tariffs except on alcoholic drinks sophisticated business infrastructure traders proficiency english also serves as important transshipment point local have strong ties with macao south east asia s residents 23 tourists purchased nearly 14 & beverage outlets restaurants sales restaurant receipts