IMPORTS

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

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

The State Department has certified 39 nations and one economy, including Hong Kong and mainland China, as meeting the requirements of Section 609 of Public Law 101-162, thus allowing them to continue to export shrimp to the United States. The list of those certified is unchanged from 2018. More

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