XN000022-1987-08-16 — Page 2

SUNDAY, AUGUST 16, 1987

EXTERNAL TRADE STATISTICS IN HONG KONG

THAN HALF A

MILLION

TRADE

DECLARATIONS ENTREPRENEURS

INTO

AND

TURNING MORE

GOVERNMENT, MEANINGFUL FIGURES EACH MONTH FOR THE MANUFACTURERS TO MAKE DECISION IS NO EASY TASK.

TIME TO

PARTICULARLY WHEN YOU ARE GIVEN VERY LIMITED THE DECLARATIONS AND TO PUT THEM OUT IN EASY-TO-READ FORM.

PROCESS

CENSUS THIS IS EXACTLY WHAT THE TRADE STATISTICS BRANCH OF THE

TASKED BEEN

GIVEN THE TO DO. HAS AND STATISTICS DEPARTMENT

THE DEPARTMENT KNOWS ITS VOLATILITY OF HONG KONG'S EXTERNAL TRADE, RESPONSIBILITIES FULL WELL.

AND CO-OPERATION FROM IMPORTERS

AND

ΤΟ EXPORTERS IS NEEDED

EXTERNAL TRADE KONG'S

SUBMITTED

HONG BECAUSE DATA

PROVIDE UP-TO-DATE TRADE STATISTICS ARE COMPILED FROM IMPORT AND EXPORT DECLARATIONS

BY IMPORTERS AND EXPORTERS.

THE STATISTICS,

PROVIDING BESIDES

COMMODITY TRADE, ARE WIDELY INDICATOR OF OUR TRADE POSITION. THEM. ARE TAKEN ON THE BASIS OF IMPACT ON TRADERS.

USED

HONG

ON DETAILED INFORMATION

AS AN IN

KONG AND ABROAD

ECONOMIC POLICY MAJOR DECISIONS ON AND SUCH

ALSO HAVE DECISIONS

AN

(REGISTRATION) EXPORT

REGULATIONS,

UNDER THE IMPORT AND

WITH THE COMMISSIONER

IMPORTERS AND EXPORTERS ARE REQUIRED TO LODGE

WITHIN OF CUSTOMS AND EXCISE COMPLETE AND ACCURATE TRADE DECLARATIONS

THESE OF GOODS. OR EXPORTATION 14 DAYS AFTER IMPORTATION

AND QUANTITY OF THE DECLARATIONS INCLUDE DETAILS SUCH AS THE VALUE

AND THE RE-EXPORTED, OR IMPORTED, EXPORTED COMMODITIES BEING

DECLARATIONS COUNTRIES OF CONSIGNMENT. PERSONS WHO SUBMIT INACCURATE ARE LIABLE TO A PENALTY OF $10,000.

DECLARATION

FORMS ARE

PASSED

BY THE CUSTOMS

OF THE BRANCH

DEPARTMENT TO THE TRADE STATISTICS STATISTICS DEPARTMENT FOR PROCESSING TRADE DATA ON A DAILY SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT SAID.

AND EXCISE CENSUS AND BASIS," A

RECEIVED AND BEEN ON AN VOLUME OF EXTERNAL

ON AVERAGE, ABOUT 600,000 TRADE DECLARATIONS ARE

"THE NUMEFR NAS PROCESSED BY THE DEPARTMENT EACH MONTH. INCREASING TREND IN THE FACE OF THE EVER GROWING TRADE AS HONG KONG'S ECONOMY CONTINUES TO PROSPER,"

TRADE STATISTICS TO PROVIDE THE PUBLIC WITH UP-TO-DATE MONTHLY

ARE COMPILED AND RELEASED AS FAST AS POSSIBLE, PROVISIONAL FIGURES

THE MONTH. THE

FINAL REFERENCE WITHIN FOUR WEEKS AFTER THE END OF

THE IN ABOUT SIX

FIGURES ARE

AVAILABLE

REFERENCE MONTH.

WEEKS

FROM

END

OF

THE

WITH REGARD