HKTDC RESEARCH

ISRAEL: Supreme Court Clarifies Restrictions on Parallel Imports

26 July 2022

Israel’s Supreme Court has clarified conditions under which parallel imports are allowed. A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner. More

Topics: Intellectual Property, Middle East, Israel, parallel import, trademark

PAKISTAN: First Phase of Trade Single Window Officially Launched

26 July 2022

Pakistan launched the initial phase of the Pakistan Single Window (PSW) on 30 June 2022, to facilitate trade and lower the cost of doing business. More

Topics: Banking Services, Other Asian Countries, Pakistan, digital payment, import permit

INDIA: Central Bank Allows International Trade Settlements in Indian Rupees

25 July 2022

On 11 July 2022, The Reserve Bank of India (RBI) announced in RBI/2022-2023/90 A.P. (DIR Series) Circular No.10 that Indian rupees can now be used for international trade settlements. More

Topics: Banking Services, Other Asian Countries, India, settlement, ADVANCE PAYMENT

SAUDI ARABIA: New Companies Law to Promote Investment and SMEs

25 July 2022

Saudi Arabia issued a new Companies Law on 4 July 2022, following approval by the Saudi Cabinet on 28 June 2022, replacing the previous law of 2016. More

Topics: Finance & Investment, Middle East, Saudi Arabia, foreign investment, SIMPLIFIED JOINT STOCK COMPANY

Qianhai Announces Details of Support Funds for Various Service Sectors

22 July 2022

According to a notice issued by the Qianhai Authority on the promotion of trade, modern logistics, shipping services and commercial development in the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone, from 15 July qualifying entities are eligible for support funds of between RMB3 million and RMB30 million a year over the next three years.More

Topics: Mainland China, qianhai, support fund

China Optimises Covid-19 Control Measures for Cold-Chain Food Imports

22 July 2022

The General Administration of Customs has said it will carry out coronavirus tests on imported cold-chain food products, verify their compliance with the pollution control measures adopted by the exporting countries and regions, and make sure that they conform with China’s import requirements. Policies such as requiring rectification within a specified time limit, import suspensions and cancellation of registration will be used to deal with overseas enterprises found to have problems.More

Topics: Food & Beverages, Mainland China, cold chain, FOOD IMPORT

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

Topics: Food & Beverages, Southeast Asia, Cambodia, standards, imports

GBA Supports Marketing of Drugs and Registration of Medical Devices from Hong Kong and Macao

21 July 2022

The National Medical Products Administration recently unveiled plans to support Hong Kong and Macao-registered operators to produce drugs and medical devices in the Greater Bay Area (GBA). The aim is to promote the integration of the GBA’s biomedicine sector, and to spur collaborative development in the GBA’s medical and pharmaceutical sectors.More

Topics: Medical Supplies & Medicine, Hong Kong, Mainland China, drug, medical device

China to Adopt New Rules for Cross-Border Data Transfers in September

21 July 2022

New Measures for Security Assessments in Cross-Border Data Transfers will come into force on 1 September. Under these measures, security assessments for such transfers are required of any operators that process the personal information of more than 1 million individuals, or that transfer important data or sensitive personal information out of China. More

Topics: Mainland China, CROSS-BORDER DATA TRANSFER

Hengqin Rolls Out Relief Measures for Hard-Hit Market Entities

21 July 2022

The Hengqin Guangdong-Macao In-Depth Co-operation Zone recently announced a raft of relief measures to help pandemic-stricken market entities. These measures, which include reducing the cost of water, energy consumption and disinfection, encouraging rent reductions and launching special campaigns to promote consumption, are valid until the end of the year.More

Topics: Mainland China, Hengqin, RELIEF MEASURES

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