HK and Taiwan haven't always had a great relationship as both HK and Taiwan are big contributers to the worlds economy. Just recently Taiwan lost one of its allies, Gambia, there was fear that Hong Kong would bring in Gambia to improve its economy even though Taiwan and Hong Kong have an agreement not to steal each others allies as it might cause problems. In recent years they have created seperate councils in order to establish better relations, Hong Kong-Taiwan Economic and Cultural Co-operation and Promotion
Council (ECCPC) and the Taiwan-Hong Kong Economic and Cultural
Co-operation Council (THEC). In their recent meeting they exhanged some ideas for building up tourism, having cruises that go from Hong Kong to Taiwan. On the cultural side, Hong Kong will have had its first "Hong Kong week" in Taipei.
Source: http://www.info.gov.hk/gia/general/201309/27/P201309270743.htm
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