ANNOUNCEMENT 01 Jan 2014In January 2014, the government of China announced a change in import duties.
NUMBER OF INTERVENTIONS
China - Duty-free entry of goods from Hong Kong, Macau
GACC Announcement No.66, 2013 on Zero-Duty Origin Criteria on Hong Kong & Macao Goods
Effective 1 January 2014, new rules, promulgated through GACC Announcement No. 66 (2013) under the China - Hong Kong Closer Economic Partnership Agreement, establish duty free access to the Chinese market for:
The policy provides beneficial business opportunities for Hong Kong and Macau to increase their presence in China, and vice versa. However, because Hong Kong and Macau are free trade ports, and because they are not considered to be manufacturing destinations, the production costs in them are higher than in nearby regions. Consequently, historically the duty free flows have proven to be rather from China to Hong Kong and Macau, causing CEPAs to be underutilised.