On 27 March 2017, the EU Council adopted a new Council Directive reducing the permitted concentration of lead in toys. The text is identical to the Commission’s Proposal on the same matter tabled on 9 September 2016. The future law, which is soon to be published in the EU’s Official Journal and implemented EU-wide, will impact on Hong Kong traders which export any type of toy to the EU market. More
In its latest findings, the Hong Kong Trade Development Council’s (HKTDC) Export Index for the first quarter of 2017 (1Q17), rose to 47.1, an increase of 13.4 from the fourth quarter of 2016, marking the biggest jump in recent years, although it remains below the watershed mark of 50. More
In January 2017, the Competition and Markets Authority, which is the UK competition authority, announced that it has approved the merger between toy company VTech Holdings Limited and rival toy supplier LeapFrog Enterprises Inc. after an in-depth investigation. On its website, VTech is described as the creator of the Electronic Learning Products (ELP) category. More
Sphero was founded in Boulder, Colorado in the United States by tech entrepreneurs Ian Bernstein and Adam Wilson – partners who had the idea to fuse robotic and digital technology into immersive entertainment experiences. More
Brazil’s National Institute of Technology, Normalisation and Industrial Quality (INMETRO) has taken the following actions over the past few months of potential interest to Hong Kong and mainland Chinese exporters. More
On 10 January 2017, Member States formally approved a proposal to introduce a restriction on the use of phenol in toys intended for children less than three years and in other toys intended to be placed in the mouth. Hong Kong traders which export such toys to the EU should note that this clears the path for the proposal’s official adoption and implementation EU-wide. More
After a 7% drop in 2015, Hong Kong’s toys exports decreased further by 24% year-on-year in January-November 2016, with across-the-board declines observed in all major markets. In the first eleven months of 2016, exports to the US dropped 14% year-on-year, while those to the EU and Chinese mainland, the next two major markets, saw big year-on-year declines of 30% and 38% during the period. More
The world’s second-largest toy industry event attracts buyers from around the world. More than 2,000 exhibitors from 41 countries and regions took part in the 2016 show, which attracted over 45,000 buyers.