Hong Kong re-imports to the Mainland via Hong Kong CEPA Zero Tariff
Release time:
2024-06-09
According to the Hong Kong Business Daily, Yang Guoqiang, President of the Hong Kong Productivity Council, said that the Hong Kong Legislative Council has approved the establishment of an auto parts research and development center, and hopes that the research and development center will be launched by the end of this year to import imported technologies to the mainland through Hong Kong CEPA zero tariffs. At the same time, it is also hoped that the Hong Kong SAR government will negotiate with the Ministry of Commerce of the government to include more than 200 auto parts in the third CEPA list.
Yang Sunxi, President of the Chinese Manufacturers' Association of Hong Kong, said that the SAR government and the Productivity Council are determined to develop the auto parts industry, which has attracted the attention of the industry. China's auto industry has caught up in recent years, and now has the third largest market share in the world, but now it lacks advanced technology and distinctive brands, to attract foreign producers to cooperate in the transfer of technology.
Chen Rending, president of the Hong Kong Auto Parts Association, said that in the past, Hong Kong was dominated by low-tech industries. Now, if we attach importance to the development of the automobile industry, Hong Kong can obtain a "soul industry", and its added value will help Hong Kong's industrial transformation. He said that he hopes that through CEPA, more young generations can participate in industrial manufacturing to continue Hong Kong's industrial development.
Wu Taihe, chairman of Hong Kong Weiying Group, said that they have developed core instruments for automobiles in recent years, which have been recognized by major automobile manufacturers such as BMW, Audi, Kuaiyi and Porsche. The Ministry of Science and Technology attaches great importance to Hong Kong's industrial development in this area. The value of automobile instruments this year is 10 million Hong Kong dollars. It is estimated that there will be a 2-to 3-fold increase next year. It is expected to reach 0.12 billion Hong Kong dollars in 2008, with great value-added potential.
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