IMPORTS

CAMBODIA: New Law on Food Safety Comes into Force

22 July 2022

Cambodia’s Law on Food Safety was signed on 8 June 2022. Promulgated as Royal Kram No.NS/RKM/0622/006, it protects consumer health; addresses local and international trade; and brings the country into line with global standards. More

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PHILIPPINES: Application Lodged for Tax-Free Temporary Import Arrangement

04 February 2022

The Philippines deposited its Instrument of Accession to the Convention on Temporary Admission (also referred to as the Istanbul Convention) at the Brussels-headquartered World Customs Organization on 17 January 2022. More

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BANGLADESH: Investigation Launched into Excess Import Letters of Credit

30 October 2020

An investigation has been launched into allegations that a number of the country’s commercial banks are providing letters of credit to importers that exceed the annual import cap specified in their import registration certificates (IRCs). More

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PAKISTAN: Range of Textile Imports Exempted from Duty Requirements

28 October 2020

The country’s Federal Board of Revenue (FBR) has announced that it will no longer impose regulatory duty and additional customs duty (ACD) on a range of raw materials imported by the textile industry. More

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Dongguan Supports Foreign Trade Through Interest Discount Policy

17 July 2020

The Dongguan City Bureau of Commerce issued a circular concerning special funds for foreign trade and economic development on 1 July, detailing the requirements for enterprises’ applications for interest discount support for their imports in accordance with circular Yue Shang Wu Mao Han No. 172 (2020). More

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China Adjusts Catalogue of Staple Agricultural Products Subject to Import Report Administration

17 July 2020

The Ministry of Commerce recently issued an announcement (No. 23 [2020]) detailing the adjustments of its Catalogue of Staple Agricultural Products Subject to Import Report Administration, adding out-of-quota sugar to the catalogue and putting it under import report administration with effect from 1 July 2020. More

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China’s Average Consumer Import Tariff Set to Fall From 17.3% to 7.7%

28 November 2017

China’s average import tariff rate on consumer goods is set for a dramatic drop from 17.3% to just 7.7% from 1 December this year. More

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Hungary: understanding the Consumer

19 February 2014

Hungary has a relatively small, ageing and declining population but nevertheless offers significant opportunities to Hong Kong companies, particularly those that have a good grasp of the market. More

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Tips for Entering the Russian Far East Market

13 March 2012

While the Russian Far East region offers good business opportunities, it remains an unfamiliar market to most Hong Kong companies. From climate conditions to order size and payment terms, Hong Kong companies should be aware that this unchartered territory can be quite different from other markets. Here are some tips for getting your foot in the door. More

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