Bohai "Going Out" Case Studies (1): Shandong Firm Uses Hong Kong as Platform for Upgrade and Transformation
Many Shandong companies are setting up offices in Hong Kong to take advantage of the city’s professional services and shipping facilities and boost their international trade and investment ventures. Once established in Hong Kong, they seek opportunities to co-operate with foreign companies, while looking for investment and financing channels for co-operative projects.
Iranian consumers are postponing purchases in the expectation of cheaper prices and expanded options once sanctions are formally lifted, while the government continues in its latest bid to stem the free flow of illegal electronics imports.
Vietnam's Ministry of Finance is proposing to levy a special consumption tax on certain imported goods. The move is believed to be in light of both the looming implementation of the ASEAN Economic Community (AEC) initiative and the success of the recent negotiations to establish a Free Trade Agreement (FTA) between Vietnam and the EU.
The EU rides on its trade defence weapons, notably anti-dumping and anti-subsidy measures, to protect local production against unfair trade practices abroad. Hong Kong exporters should therefore keep an eagle eye on the EU’s trade defence and trade-related measures, plus the ubiquity of health, safety and environmental protection measures, with the EU remaining at the forefront of safeguarding the environment and wellbeing of consumers.
On 1 October 2015, a ban on mercury content in button cell batteries is scheduled to enter into effect and apply throughout the European Union. Such batteries are used in a variety of applications including in watches, toys and remote controls. This is therefore a noteworthy development, especially as mercury has, until now, been allowed in button cells up to 2%.