Hong Kong will boost its capability in providing one-stop integrated logistics services, including the launch of a digital trade and transportation network next year.

Secretary for Economic Development & Labour Stephen Ip said service integration and information connectivity are crucial to the success of modern logistics hubs.

"We have identified a site close to the airport for the development of a value-added logistics park. We are also developing a digital trade and transportation network system to provide a neutral and secure interface for logistics players in the supply chain to exchange information and data," he said.

Speaking at a dinner reception to welcome the Logistics Hong Kong conference participants and exhibitors, Mr Ip said the Mainland/Hong Kong Closer Economic Partnership Arrangement has offered added impetus to Hong Kong's logistics development by opening up new and unprecedented opportunities for logistics companies here.

CEPA gives Hong Kong service providers access into the Mainland market in 18 service sectors, including logistics, transport, freight forwarding and storage and warehousing services.

CEPA offers local logistics firms unique advantages

"Since China has not made any World Trade Organisation commitments in logistics and maritime transport services, Hong Kong companies in these sectors will enjoy unique advantages over their foreign counterparts," Mr Ip said.

The Logistics Hong Kong International Conference & Exhibition, the first international logistics event staged by the Hong Kong Logistics Development Council to showcase its logistics strengths and unique role as the gateway to China, is being held from May 18 to 20.

The three-day event will provide a forum for participants to explore ways to consolidate Hong Kong's role as a leading global logistics centre and to reap benefits from new business opportunities offered in the Mainland.