Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong Wraps Up Its 2023 In-Store Retail Promotions; Hong Kong Economic Woes Continue as Exports Fall for 15 Consecutive Months
On September 15, 2023, China notified an amendment to the National Food Safety Standard for Restricting Excessive Packaging for Foods and Cosmetics (GB 23350-2021) to the World Trade Organization (WTO) under G/TBT/N/CHN/447/Add.2.
On September 6, 2023, the People’s Republic of China (PRC) State Administration for Market Regulation (SAMR) and the Ministry of Agriculture and Rural Affairs (MARA) jointly published “Implementation Opinions of SAMR and MARA on Carrying Out Crop Seed Certification.”
Taiwan's HRI industry has fully bounced back with 2022 revenue surpassing pre-pandemic records. The market has a westernized palate with a high per capita GDP of US$33,004, showing that consumers are not only willing but also more than capable of trying foreign cuisines.
On September 13, 2023, the State Council Tariff Commission (SCTC) announced an extension of the Section 301 retaliatory tariff exclusion period for sorbitol and other select U.S. commodities would be valid to April 30, 2024.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023. This report is one in a series of product briefs highlighting the tariff benefits for specific commodities and products from Year 5 (2023) to Year 7 (2025) of the Agreement.