More News
ECONOMY | Staff Reporter, Hong Kong

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.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.