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Prices on the community electronic trading service approved
A Government spokesman announced today (Friday) that the proposed prices submitted by Tradelink Electronic Document Services Ltd relating to the provision of the Community Electronic Trading Service (CETS) have been approved by the Governor in Council.
As part of Government's agreement with Tradelink, the company has been granted the exclusive right to provide services through CETS for handling a range of Government trade-related transactions. Prices to be charged by the company for the exclusive services would be subject to the prior approval of Government.
"Tradelink will charge the prices approved when it commences its commercial phase in January 1997," the spokesman said.
At present, about 50 companies are using the CETS to apply for Restrained Textiles Export Licences (RTEL). Their feedback is being used by Tradelink and the Government to fine-tune the systems before full commercial launch of the RTEL service in January 1997.
Testing for the Trade Declaration (TDEC) service has started and the current plan is to launch a commercial TDEC service in April 1997.
"The commencement of Tradelink's commercial phase is an important event for the Hong Kong business community. From that time on, the use of paper forms will be phased out in favour of electronic trading, the preferred method of conducting business internationally," the spokesman added.
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