Region may, as a separate customs territory, participate
in relevant international organizations and international
such as the General Agreement on
trade
Tariffs
agreements,
and
Trade
and
arrangements regarding
international trade in textiles. The customs of the Hong
Kong Special Administrative Region shall
not
be
may
subordinate to that of the Mainland, i.e. Hong Kong
issue its own certificates of origin for products, and
export quotas and tariff preferences, etc., which are
obtained or made by the Hong Kong Special Administrative
Region,
shall be enjoyed exclusively by the Region, not
by
to be shared with the Mainland. All these stipulations
guarantees for the maintenance of the status of
Hong Kong as an international trade centre after 1997.
provide
a few
foreign
"free
in the
Thirdly, Hong Kong has a long history of being a free
port. It does not impose any tariffs except on
commodities, thus attracting huge amount of
investment. As you know, there are many so-called
ports" in the world; however, Hong Kong is unique
sense that it is free from tariff barriers. This is
because Hong Kong is not a
sovereign state and as
mentioned above, more than 90% of its products are for
export. Therefore, the local industries do not seek to
monopolize the domestic market. Accordingly, the question
of protecting national industry and
commerce
imposing tariff barriers simply does not exist.
through
After 1997, Hong Kong, as a special
administrative
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