Market News | HKTDC Hong Kong International Tea Fair

Market News Picture
China Imposes Temporary Anti-Dumping Measures on EU Brandy
Oct 2024

According to a statement issued by the Ministry of Commerce on 8 October, from 11 October China was due to impose temporary anti-dumping duties on EU brandy in containers holding fewer than 200 litres. Importers now need to pay security deposits to Chinese customs when importing EU-originated brandy. The amount due will be calculated ad valorem based on the dutiable value of the liquor as determined by customs.

Market News Picture
Duty Cut Set to Boost Hong Kong’s Regional Spirits Hub Prospects
Oct 2024

Among other key objectives, the Chief Executive’s 2024 Policy Address, set out moves to promote the liquor trade and boost the development of the high value-added industries (including logistics and storage, tourism and high-end food / beverage consumption). To this end, following the success of similar moves regarding the wine industry, the Government has decreed that, as of 16 October 2024, the duty rate for liquor with an import price of more than $200 will be reduced from 100% to 10% for the portion above $200, while the duty rate for the portion of $200 (and below), as well as liquor with an import price of $200 or below, will remain unchanged.

Market News Picture
INDONESIA: Importers Required to Register Products on Halal Platform
Oct 2024

Indonesia’s Halal Product Assurance Agency (BPJPH) has announced that food importers must register products on its online platform, SiHalal, for halal certification. The new regulation, under Law 33/2014 on Halal Product Insurance and its Associated Regulations (the Halal Law), will be enforced from 17 October 2024 for food producers and their supply chain partners, including trade, retail and logistics. The certification process will include all phases of production, such as slaughter and processing, packaging, storage, transport, marketing and sale. Additionally, all products containing prohibited ingredients must be labelled “non-halal”.

Market News Picture
Wine Industry in Hong Kong
Oct 2024

Hong Kong's wine industry is supported by a large number of experienced fine wine merchants with specialist knowledge and international wine trade experience. In addition to wine trading and distribution, local wine-related activities include auctions, retailing, warehousing, catering and transportation.

Market News Picture
Food and Medical Device Facility Registrations Due This Year
Sep 2024

Foreign and domestic food and medical device facilities – including any Hong Kong or mainland Chinese facilities – that do not properly renew their registrations with the FDA can be locked out of the U.S. market. Renewals for both types of facilities are due by the end of this year.

Market News Picture
Golden Prospects for Green Technology in Mexican Agriculture Sector
Aug 2024

Mexico’s Ecomondo expo provided clear proof that agriculture can be a profitable market for green waste treatment companies.

Market News Picture
Commission Registers New European Citizens' Initiative on Food Labelling
Aug 2024

The European Commission has decided to register a European Citizens' Initiative titled “Stop Fake Food: Origin on Label”. The organisers of this initiative call for the Commission to propose measures to ensure that European consumers have access to transparent information about the food they buy and that their expectations in terms of high quality and sustainability standards are met.

Market News Picture
Capitalising on Central Asia: Agricultural Assets in Kazakhstan
Aug 2024

Kazakhstan's agricultural sector is undergoing significant development efforts. The National Agro-industrial Project targets to enhance the sector's productivity and value by transitioning to high-value products and modernising equipment. Despite challenges like extreme weather and outdated machinery, opportunities arise for Hong Kong to partner in modernising Kazakhstan's agriculture, expanding exports, and accessing new markets.

Market News Picture
FDA Modifies Fees for Expedited Import Programme and Other Activities
Aug 2024

The U.S. Food and Drug Administration has modified its fees for three programmes under its jurisdiction: the expedited import programme, the food facility and importer re-inspections, and the accreditation of third-party food safety auditors.

Market News Picture
Processed Food and Beverages Industry in Hong Kong
Aug 2024

Food safety has become a prime concern for consumers worldwide. Increasing numbers of countries and regions, including mainland China, the US and the EU, have implemented ever more stringent controls on food, whether locally produced or imported.

Go to Page