News
To strengthen Hong Kong's role as an international trade and logistics hub as well as to encourage the trade to choose Hong Kong as a transhipment location for their goods, the Mainland and Hong Kong Customs signed the Co-operation Arrangement to further enable Mainland-bound consignments passing through Hong Kong to enjoy tariff reduction of the Mainland.
The arrangement covers goods traded between the Mainland and its trading partners, including 10 member states of the Association of Southeast Asian Nations (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), Australia, Bangladesh, Chile, Costa Rica, Iceland, India, Korea, New Zealand, Pakistan, Peru, Sri Lanka, Switzerland and Taiwan.
Hong Kong Customs has rolled out the Free Trade Agreement Transhipment Facilitation Scheme (FTA Scheme) since December 20, 2015, to provide supervision service and issue a certificate of non-manipulation to enable traders to claim tariff reduction from the customs authorities at the importing end. As at April 30, 2016, Hong Kong Customs had received 1,120 applications with a total value of goods exceeding US$88 million and estimated tariff reduction of over US$5.1 million.
