A selection of updates on the Greater Bay Area from the Hong Kong Trade Development Council

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GBA Updates

1/2/2023
 

Through its 2023 Tariff Adjustment Plan, Mainland China has imposed a provisional import tax rate lower than the most-favoured-nation tariff rate on 1,020 products.

The mainland has recently abolished registration filing requirements for foreign trade operators, including companies applying for import and export licences.

Nansha District, Guangzhou is launching measures to build a new manufacturing-marketing model for drugs and medical devices originating from Hong Kong and Macao.

Foshan has unveiled dedicated new policies to support the city’s 10 major industrial parks with a particular focus on the development of the Yundonghai Life Science Park.
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GBA Intelligence
 

Rebound hopes as controls ease

Businesses in the GBA expect prospects will improve as COVID abates and control measures are peeled back, a joint survey by Standard Chartered Bank and the HKTDC shows.

GBA Topics
 

Mainland China to enhance trade cooperation with Hong Kong and Macao

Mainland authorities will promote the construction of a single free trade zone for the mainland, Hong Kong and Macao, enhancing trade and investment between the three territories.

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