Hong Kong Open Trade Asia Negotiation Simulation
It was a great experience attending the Hong Kong Open Trade Asia Negotiation Simulation on March 18th, where talented students of different educational backgrounds, such as students from Hong Kong University, Chinese University of Hong Kong and Hong Kong Baptist University etc., made their voices heard and provoked profound understanding with regard to trade issues.
There, I watched several teams representing Japan, China, Philippines, Vietnam and India negotiate. The process, I was astonished to see, went on quite smoothly and was on-point. For an instance, the US team mainly revolved around the issues related to computer and electronic products, while the China team focused on intellectual property rights.
I was also deeply impressed by the keynote speech on Open Trade and US-East Asia Relations by Mr. Kung Tong, US Consul General to Hong Kong and Macau, who elaborated on trade issues and presented the overall concept of the Asia-Pacific integration framework.
Another speech I was also impressed by was Mr. Stephen Olson’s. He specified several key points of this trade negotiation stimulation and reminded the teams to act as real trade negotiators instead of university undergraduates. He also stressed the importance of time management, taking time off social media and staying focused.
All in all through this experience, I learned it is a must to establish negotiations which have a positive effect on trade. Each nation voices their own needs and puts their feet in shoes of other countries as well. A good negotiator should be the one who can make a compromise; that is declaring their demands and listening to others at the same time. The whole issue of negotiation promises to be a win-win situation and has a profound effect on the processing of trade between nations.
About the author – Maggie