XN000022-1991-08-29 — Page 14

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THURSDAY, AUGUST 29, 1991

THE 5,000 TAILS OF PURPLE AMBERJACK STOCKED IN THE CAGE HAS REPORTED STEADY GROWTH So FAR AND THE CAGE HAS REMAINED INTACT DESPITE RECENT TYPHOONS.

MEMBERS WERE TOLD THAT THE EXPERIMENT WILL TAKE TWO YEARS TO COMPLETE. THEY ALSO LEARNT THAT IN TERMS OF ENVIRONMENTAL PROTECTION, OPEN SEA MARICULTURE EXCELS IN-SHORE FISH FARMING.

ON THE SAME TRIP, MEMBERS VISITED THE TUNG LUNG CHAU FISH CULTURE ZONE WHICH WAS DESIGNATED IN EARLY MAY THIS YEAR.

MEMBERS PRESENT TODAY INCLUDED ANDREW WONG, LRUNG CHAN KAR-LUEN, MORIYOSHI IWAO AND OFFICIAL REPRESENTATIVES ECONOMIC SERVICES BRANCH AND OTHER GOVERNMENT DEPARTMENTS.

JICK-CHIU,

FROM

THE

0

1992 EDITION OF HK IMPORTS AND EXPORTS CLASSIFICATION LIST

THE COMMISSIONER OF CUSTOMS AND EXCISE ANNOUNCED TODAY (THURSDAY) THAT THE EXISTING HONG KONG IMPORTS AND EXPORTS CLASSIFICATION LIST (HARMONIZED SYSTEM) FOR IMPORT AND EXPORT DECLARATION WILL BE REPLACED BY A NEW EDITION AS FROM JANUARY 1, 1992.

THE HARMONIZED COMMODITY DESCRIPTION AND CODING SYSTEM, OR HARMONIZED SYSTEM FOR SHORT, IS AN INTERNATIONAL COMMODITY CLASSIFICATION AND CODING SYSTEM DESIGNED BY THE CUSTOMS CO-OPERATION COUNCIL (CCC) AND ADOPTED BY MANY COUNTRIES IN THE WORLD INCLUDING MOST OF HONG KONG'S MAJOR TRADING PARTNERS.

IN

HONG KONG HAS PLANNED TO ADOPT THE HARMONIZED SYSTEM IN TWO STAGES. IN THE CURRENT CLASSIFICATION LIST, WHICH WAS INTRODUCED 1988, PART BUT NOT ALL OF THE CCC HARMONIZED SYSTEM IS FOLLOWED.

AND MAKING HONG

CLASSIFICATION

IN THE 1992 EDITION, ALL OF THE COMMODITY CODES IN THE CCC HARMONIZED SYSTEM WILL BE ADOPTED, THUS KONG'S COMMODITY CLASSIFICATION AND CODES FOR IMPORT AND EXPORT COUNTRIES IN DECLARATIONS TOTALLY COMPATIBLE WITH THOSE USED BY MOST THE WORLD.

"THE USE OF STANDARDISED COMMODITY CLASSIFICATION AND CODES SUCH AS THE HARMONIZED SYSTEM HAS THE ADVANTAGE OF REDUCING COSTS IN ONE REDESCRIBING, RECLASSIFYING AND RECORDING GOODS AS THEY MOVE FROM COUNTRY TO ANOTHER, A CUSTOMS AND EXCISE

EXPLAINED.

**

OF

DEPARTMENT

DATA;

SPOKESMAN

FACILITATING STATISTICS;

THE AND

INTERPRETATION OF TRADE

"ITS OTHER ADVANTAGES INCLUDE FACILITATING THE STANDARDISATION OF TRADE DOCUMENTATION AND TRANSMISSION COMPARISON AND

OF INTERNATIONAL TRADE REDUCING UNCERTAINTY IN THE NEGOTIATION AND AGREEMENTS.

ANALYSIS

/AS FROM