Market News | HKTDC Hong Kong Electronics Fair (Autumn Edition)

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Danish Environment Agency Sends Warnings to Chinese Companies over Alleged Producer Responsibility Failures
Jan 2025

It was reported on 17 December 2024 that the Danish Environmental Protection Agency has issued warning letters to approximately 1,000 Chinese companies citing probable non-compliance with producer responsibility obligations. These warnings mark the initial step in an enforcement process that could culminate in injunctions, fines or other legal action.

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New Cybersecurity Act Published, Laying out Requirements for Products with Digital Elements
Jan 2025

Regulation (EU) 2024/2847 of the European Parliament and of the Council has been published in the EU Official Journal. The Regulation, also commonly referred to as the Cybersecurity Act, lays out cybersecurity requirements for products with digital elements. Due to the application of a transition period, most of the new Regulation’s provisions will begin to apply from 11 December 2027.

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European Environmental Agency Publishes Briefing on Lifecycle Trends of Consumer Products
Jan 2025

The European Environmental Agency (EEA) has published a briefing on the lifecycle of consumer goods in Europe. This study highlights that the extension of product lifespans reduces the demand for new products and materials, which in turn promotes circularity and sustainability. The EEA envisages the extension of the lifecycle of products and the increased intensity of use of products as key drivers for relieving the demand for new products.

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Update on Recent Energy Efficiency Rulemakings
Dec 2024

The U.S. Department of Energy has taken the following regulatory actions involving walk-in coolers and freezers, general service lamps, dishwashers, clothes washers and clothes dryers.

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Customs Strengthens Random Inspection of Import and Export Commodities
Dec 2024

On 18 November, the General Administration of Customs announced that it will carry out random inspections of some import and export commodities not listed in the catalogue of commodities subject to statutory inspection. The objective is to protect the legitimate rights and interests of consumers and safeguard health and safety. Import commodities that will be subject to inspections include stationery for students, baby products and electronic products. Export commodities include children’s toys.

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Investigation Launched over Potential Abuse of Dominant Position by Cover Glass Manufacturer of Electronic Devices
Dec 2024

The European Commission has recently announced that a formal investigation has been initiated into potential abusive practices of U.S.-based producer Corning. The alleged practices involve clauses of agreements between Corning and original equipment manufacturers (OEMs) and contracts concluded between the producer and finishers, which process raw glass. In response, Corning has put forward a number of commitments to which the Commission may adopt a decision that legally binds Corning. On 25 November 2024, the Commission offered an invitation to interested parties to comment on Corning’s offered commitments.

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Electronics Momentum Expected to Continue through 2025
Dec 2024

The electronics industry provides the most significant revenue stream of all Hong Kong’s merchandise exports, and as such is of critical importance to the city. The good news for Hong Kong is that electronics orders are expected to remain firm through next year - a view acknowledged by many of the participants in the Hong Kong Electronics Fair (Autumn 2024) survey. 1,089 industry players took part in the survey. Nearly 40% expected sales to grow in the short term (the next six to 12 months), while more than half expressed the same sentiment with regard to the medium term (the next 12-24 months).

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BANGLADESH: 10-Year Tax Exemption Plan for Renewable Energy Projects
Nov 2024

The Bangladeshi government has announced that renewable energy projects in the country will get a 10-year tax exemption. The National Board of Revenue (NBR) issued a notification on 29 October 2024 granting renewable energy projects 100% tax exemption for the first five years, 50% for the next three, and 25% for the following two years. The tax holiday will apply to power plants starting commercial operations between 1 July 2025 and 30 June 2030. Eligible plants are those built under the build-own-operate (BOO) model outlined in the Private Sector Power Generation Policy. The plants should meet all policy conditions and be operated according to the policy guidelines.

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Shenzhen Implements New Regulations for Testing Portable Energy Storage Products
Nov 2024

On 25 October, the Shenzhen Administration for Market Regulation issued new regulations for rapid testing of the quality of portable energy storage products. These regulations apply to any such products in use for production or circulation, and to certain energy storage devices weighing less than 18 kg that can be carried by users. They do not apply, however, to energy storage batteries or photovoltaic energy storage devices. The new regulations also specify related testing methods and assessment criteria.

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Energy Conservation Actions Involving Clothes Washers, Clothes Dryers and Dishwashers
Nov 2024

The U.S. Department of Energy has taken certain regulatory actions in connection with the energy conservation standards and/or test procedures for clothes washers, clothes dryers and dishwashers.

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