Hong Kong signs customs deal with Korea

It enables Mainland cargoes shipped through Hong Kong eligible for preferential tariffs.

Commissioner of Customs & Excise Hermes Tang has signed a memorandum of understanding with Korea Customs Service Commissioner Kim Yung-moon at the end of the 33rd Customs Cooperation Conference to make Mainland cargoes transhipped through Hong Kong to Korea eligible for preferential tariffs.

According to a press release, the pact recognises the Customs & Excise Department as an issuing authority of Certificates of Non-Manipulation for cargoes from the Mainland transhipped through Hong Kong to Korea.

This will making the shipments eligible for preferential tariffs under the Free Trade Agreement Transhipment Facilitation Scheme.