ECONOMIC/TRADE ISSUES

Virtual Masterpieces: The Dawn of Digital Art

29 September 2021

Digital technology is reshaping the whole world during the coronavirus pandemic, and the art business is no exception. To understand why blockchain-based technologies are fast infiltrating the global art market and how Hong Kong, as a strong blockchain hub, is ready for the digital art era, HKTDC Research sat down with the world’s oldest and largest firm of fine art auctioneers. More

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Post-Covid Prospects: Spain

23 June 2021

After a 10.8% GDP slump in 2020, Spain has high hopes of resuming economic growth this year, with further expansion anticipated for 2022. This interview sets forth how Spanish businesses can leverage Hong Kong’s advantages as a global business enabler to thrive in the post-Covid world. More

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Post-Covid Prospects: Poland

12 May 2021

The Polish economy shrank in 2020 for the first time since 1991 with GDP falling by 2.7%. This interview sets forth how Polish businesses can prepare for the post-pandemic recovery by working with Hong Kong partners. More

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Trade Policy in the Biden Administration: A Reset in Sino-US Relations?

24 February 2021

The first two years of the Biden administration are likely to focus on domestic issues, specifically Covid-19, jobs and the economy. The new administration will also have to deal with various outstanding trade issues from the Trump presidency, including the Section 301 tariffs on a broad range of products from mainland China, as well as the Section 232 tariffs on steel and aluminium from most foreign suppliers. More

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The UK’s Post-Brexit E-Commerce Market: A Checklist

20 January 2021

The landmark post-Brexit Trade and Co-operation Agreement reached between the European Union and the UK on the eve of the transition period deadline has not only ushered in a new era for the EU-UK relationship, but new prospects for traders, particularly those who are used to selling to Europe via the UK online. The checklist below serves as a handy note for Hong Kong exporters looking to make the necessary preparations for the new trade reality. More

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Economic Sanctions and Export Controls under the Biden Administration: A New Dawn?

11 December 2020

With the change of presidential administrations around the corner, shifts in US foreign policy objectives under the incoming administration could reshape the adoption and enforcement of US economic sanctions and export control regulations through 2025. In an interview with HKTDC Research, Ali Burney at Steptoe & Johnson LLP shares his thoughts and advice for Hong Kong companies on the likely way forward. More

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New Trade Reality: After 2020 US Election

27 November 2020

The 3 November 2020 election is expected to result in a new administration under Joe Biden. But since the incoming administration will not be inaugurated until 20 January 2021, the outgoing administration has plenty of time to take additional trade-related actions that may impact Hong Kong and mainland China. In other moves, the first two years of a Biden-Harris administration are likely to focus on such domestic issues as Covid-19, jobs and economy, with trade taking a back seat. More

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New Trade Reality: Augmented EU Export Controls

30 October 2020

On 28 July 2020, the Council of the EU published the bloc’s response to the implementation of the National Security Law for Hong Kong. The conclusions call on the EU and its member states to take extra measures when exporting sensitive equipment and technologies to Hong Kong. Traders who decide to go for a de-risking strategy should therefore stay tuned to the new trade realities and check with the competent authorities with regard to whether goods they wish to trade are affected. More

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New Trade Reality: US Termination of Hong Kong’s Differential Treatment

28 July 2020

Following an executive order ending Hong Kong’s differential treatment with respect to various US statutes, Hong Kong companies should be aware of the new realities to avoid possible violations, as well as legislation details to decide whether their trade and investment transactions may fall within the remit of the changed US regulations. More

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New Trade Reality: Tightened US Export Controls

16 July 2020

The US Department of Commerce has suspended the preferential treatment Hong Kong received in comparison to mainland China. This affects such issues as export licence exceptions for items subject to Export Administration Regulations. Hong Kong companies should pay close attention to the new realities in order to avoid violations, as well as to the legislation details to ascertain whether transaction partners and / or traded items fall within the remit of these changed US regulations. More

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