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The Economy
Network of Tax Treaties
Comprehensive agreements for the avoidance of double taxation (CDTAs) with major economies help improve the business environment and facilitate flows of trade, investment and talent between Hong Kong and the rest of the world. They help reduce tax burdens on individuals and enterprises and eliminate uncertainties over tax liabilities. They also enhance Hong Kong's position as an international business and financial centre. Up to the end of 2013, Hong Kong has signed 29 CDTAs.
With effect from 19 July 2013, the government further enhanced the exchange of information arrangements under CDTAs and put in place a legal framework to enter into tax information exchange agreements with other jurisdictions when necessary.
Government Procurement
Hong Kong, China is a signatory to the Agreement on Government Procurement of the World Trade Organisation (WTO GPA). Government procurement is undertaken in accordance with the principles of openness, transparency, fairness, public accountability, value for money and non-discrimination. Open tender procedures are widely used. Restricted or single tender procedures may be used under exceptional circumstances where open competitive tendering would not be appropriate, such as in cases involving patent products.
The Government Logistics Department (GLD) is the government's central procurement agent. Purchases of goods and related services are normally made by competitive tendering to ensure that user departments' needs are met at the best possible price, having regard to the life-time cost and reliability of supply. Consideration is given to purchasing environmentally friendly products where available and appropriate. In 2013, the GLD awarded contracts amounting to $5.54 billion. The goods and related services were procured from 25 different countries or territories (including Hong Kong).
To facilitate sourcing and market research, the GLD maintains supplier lists comprising suppliers both in and outside Hong Kong for different categories of goods and services.
Notices for open tenders are published on the internet and suppliers on the relevant supplier lists will be notified. For procurements covered by the WTO GPA, tender notices will also be published in the Government Gazette and consulates and overseas trade commissions will be informed where appropriate. Tender documents may be downloaded and tender offers may also be submitted through the prescribed internet system.
Websites
Economic Analysis and Business Facilitation Unit, Financial Secretary's Office: www.eabfu.gov.hk
Financial Services and the Treasury Bureau: www.fstb.gov.hk
Government Logistics Department: www.gld.gov.hk
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