EU | Hong Kong Means Business

Commission Launches Infringement Proceedings Against UK for Breach of Northern Ireland Protocol

22 June 2022

On 15 June 2022, the European Commission launched infringement proceedings against the United Kingdom with regard to significant parts of the Protocol on Ireland/Northern Ireland (“the Protocol”). According to the Commission, the UK’s failure to comply with the Protocol – despite numerous calls from the EU – is a clear breach of international law. More

market spotlight

Export outlook picks up

15 June 2022

The outlook among Hong Kong exporters saw a marked improvement in the second quarter of 2022 as a receding COVID-19 pandemic helped to revive freight flows and manufacturing activity. More

hktdc research

EU Adopts New Wave of Sanctions Against Russia: Majority of Oil Imports to Be Restricted

10 June 2022

The European Commission has reported on 3 June 2022 that it welcomes the adoption of the sixth package of restrictive measures (sanctions) against Russia. The package was published in the EU Official Journal on the same day. The package also imposes further sanctions against Belarus considering its involvement in the aggression. As with previous sanctions packages, they have reportedly been coordinated with international partners. More

hktdc research

New UK Legislation Announced to Unilaterally Change Northern Ireland Protocol

01 June 2022

The UK's foreign secretary Liz Truss has delivered an oral statement to the UK Parliament, in which she announced the UK’s intention to introduce legislation in the coming weeks to make (unilateral) amendments to the Northern Ireland Protocol, while also stating that the UK’s preference remains a negotiated solution with the EU. Should the amendments be adopted, this could trigger a trade war with the EU. More

hktdc research

EU Sanctions on Russia

16 March 2022

In response to Russia’s recent military aggression against Ukraine, the EU has adopted a far-reaching package of sanctions severely restricting economic relations with Russia. Hong Kong sellers with supply chains extending into Russia from EU countries may need to take careful note of these red lines. More

life & style

Fashion foursome weaves magic

11 March 2022

When budding Hong Kong fashion designer Charlotte Ng met three fellow creatives at an industry event, little did she know the chance encounter would result in a business partnership. More

hktdc research

PHILIPPINES: GSP+ Status under Threat from New EU Resolution

03 March 2022

The European Parliament (EP) has warned the Philippines that it will suspend its trade privileges under the Generalized Scheme of Preferences Plus (GSP+) unless it complies with human rights obligations, and ensure free and fair elections in May 2022. More

hktdc research

Post-Brexit Renegotiation of Northern Ireland Protocol Continues in EU-UK Bid to Reach Agreement

15 February 2022

On 11 February 2022, the UK's foreign secretary Liz Truss and the European Commission’s Vice-President Maroš Šefčovič failed to reach agreement despite in-person negotiations over the existing Northern Ireland Protocol. The two sides have vowed to continue negotiations intensively, with a view to amending the existing deal. More

market spotlight

Digital dividend accelerates shift

18 January 2022

The productivity paradox has long mystified economists, who wonder why the heavy investment in digital technologies has brought relatively scant increases in output. More

hktdc research

EU’s New VAT E-Commerce Rules for Low Value Imports

28 December 2021

Hong Kong traders selling low value goods in consignments of intrinsic value at import not exceeding €150 to EU consumers by means of internet or distance B2C sales may be interested in more details about the new VAT rules which took effect from 1 July 2021. More

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