MONDAY, MARCH 29, 1993

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KOREA IMPOSES DUTIES ON PHOSPHORIC ACID FROM CHINA

THE TRADE DEPARTMENT HAS RECEIVED INFORMATION THAT THE AUTHORITIES OF THE REPUBLIC OF KOREA HAVE ANNOUNCED THE FINAL RESOLUTION ON ANTI-DUMPING PROCEEDINGS AGAINST PHOSPHORIC ACID IMPORTED FROM CHINA.

WITH EFFECT FROM FEBRUARY 20, THIS YEAR, IMPORT OF CERTAIN TYPES OF PHOSPHORIC ACID FROM CHINA IS SUBJECT TO FINAL ANTI-DUMPING DUTIES RANGING FROM 40.46 PER CENT TO 54.28 PER CENT, FOR A PERIOD THREE YEARS.

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ACCORDING ΤΟ TRADE STATISTICS, HONG KONG'S RE-EXPORTS PHOSPHORIC ACID OF CHINESE ORIGIN TO THE REPUBLIC OF KOREA AMOUNTED TO $2.1 MILLION LAST YEAR, COMPARED TO $2 MILLION IN 1991.

MEANWHILE, THE TRADE DEPARTMENT REMINDED TRADERS THAT EXISTING TEXTILE EXPORT LICENCE APPLICATION FORMS NO. TRA 502 AND NO. TRA 503 WOULD ONLY BE ACCEPTED UNTIL THE END OF THIS WEEK (APRIL 3).

REVISED FORMS ARE OBTAINABLE FROM RELEVANT IN TRADE DEPARTMENT TOWER, 700 NATHAN ROAD, KOWLOON.

LICENSING COUNTERS

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CHING MING A STATUTORY HOLIDAY

CHING

THE LABOUR DEPARTMENT TODAY (MONDAY) REMINDS EMPLOYERS THAT MING FESTIVAL, WHICH FALLS ON APRIL 5, IS ONE OF THE 11 STATUTORY HOLIDAYS FOR EMPLOYEES.

UNDER THE EMPLOYMENT ORDINANCE, ALL EMPLOYEES, IRRESPECTIVE OF THEIR WAGE LEVELS, ARE ENTITLED TO THE HOLIDAY AND MUST BE PAID FOR THE DAY OFF IF THEY HAVE WORKED CONTINUOUSLY FOR THE SAME EMPLOYER FOR THREE MONTHS OR LONGER IMMEDIATELY BEFORE THE STATUTORY HOLIDAY.

HOLIDAY PAY SHOULD BE EQUIVALENT TO AN EMPLOYEE'S EARNINGS ON A FULL WORKING DAY AND SHOULD INCLUDE BASIC WAGES AS WELL AS ALLOWANCES THAT CAN BE EXPRESSED IN MONEY TERMS SUCH AS MEALS AND COST OF LIVING ALLOWANCES.

WHERE THE EARNINGS VARY FROM DAY TO DAY, HOLIDAY PAY SHOULD BE THE AVERAGE DAILY EARNINGS DURING EVERY COMPLETE WAGE PERIOD, WHICH COULD BE BETWEEN 28 AND 31 DAYS, PRECEDING THE HOLIDAY.

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AN EMPLOYEE IS REQUIRED TO WORK ON A STATUTORY HOLIDAY, HE MUST BE GIVEN AN ALTERNATIVE DAY OFF WITHIN 60 DAYS BEFORE OR AFTER THAT DAY.

ENQUIRIES ABOUT STATUTORY HOLIDAYS MAY BE MADE OF THE LABOUR DEPARTMENT'S GENERAL ENQUIRY TELEPHONE SERVICE ON 717 1771.

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