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.

Hong Kong Open Trade Asia Negotiation Simulation 1
The US team huddles to discuss issues on computer and electronic products.

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.

Hong Kong Open Trade Asia Negotiation Simulation 2
The team focusing on China discusses intellectual property, tariffs and the economy.

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.

Hong Kong Open Trade Asia Negotiation Simulation 3
A talk on tariffs on the iPhone and its components.

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

Hong Kong Open Trade Asia Negotiation Simulation 4

Maggie  is the Hinrich Foundation Scholar. She was awarded the Bachelor of Business Administration scholarship to study at Hong Kong Baptist University. Her future goal is to have a positive impact on marketing, which is not only limited to how to let consumers buy your products but to judge whether your marketing behaviors are socially responsible and have long profound impact on the wellness of the whole society.