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Market News
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Title Source Publish Date
1.
China's Kitchen Electrical Appliance Market
China’s kitchen appliance market expanded robustly in recent years. According to mainland market surveys, the total value of China’s kitchen and bathroom appliance exceeded RMB100 billion in 2015. Advances in urbanisation, the real estate market and smart home appliances are conducive to the development of the kitchen appliance market.
China Trade 24 Aug 2016
2.
New Exemptions under RoHS Directive Published
On 15 July 2016, Delegated Directive 2016/1028 and Delegated Directive 2016/1029 entered into force, each one introducing a new exemption from the general rule restricting the use of, respectively, lead and cadmium in electrical and electronic equipment (EEE). Lead and cadmium are two of the ten substances, the use of which is restricted in EEE by the RoHS Directive (2011/65/EU) on the restriction of hazardous substances in EEE.
Economists' Pick 19 Aug 2016
3.
How Hong Kong Can Help Mainland Businesses Successfully Access New Markets Multimedia
With many Chinese businesses now committed to exploring the opportunities opened up by the Belt and Road Initiative, there is a growing awareness of the potential risks involved in investing in such relatively unknown territories. Senior Economist Wing Chu considers the potential pitfalls awaiting mainland companies, while also highlighting the potential benefits of partnering with Hong Kong service suppliers with direct experience of these unfamiliar markets.
Multimedia 16 Aug 2016
4.
Energy Test Procedures for Ceiling Fans Amended
The U.S. Department of Energy has issued a final rule that amends the energy test procedures for ceiling fans.
Economists' Pick 12 Aug 2016
5.
Going Out and the Belt and Road: New Opportunities for Hong Kong’s Service Sector Multimedia
Many mainland businesses have now stepped up their “going out” initiatives, targeting both the more advanced countries, as well as many of the economies along the proposed Belt and Road routes. In light of these changed aspirations, Senior Economist Wing Chu takes stock of the priorities of these outward-bound mainland businesses, while also considering the resulting opportunities opening up for Hong Kong’s professional services sector.
Multimedia 11 Aug 2016
6.
Turkey Initiates Investigation on Imports of Solar Panels Originating in Mainland China
Hong Kong traders with export interests in Turkey may like to know that Turkey initiated an anti-dumping investigation into solar panels originating in mainland China and currently falling under Tariff Statistical Position 8541.40.90.00.11. The investigation was initiated by Decree No. 2016/29 on the Prevention of Unfair Competition from Imports, published in the Turkish Official Journal, No. 29759, dated 1 July 2016.
Economists' Pick 5 Aug 2016
7.
EU Institutions Reach Political Agreement on Regulating So-Called “Conflict Minerals”
On 16 June 2016, a political understanding was reached by the European Parliament, Member State ministers and the European Commission. All but the smallest EU firms which import tin, tantalum, tungsten and gold into the common market will have to perform mandatory due diligence to ensure their activities are not fuelling fighting and human rights abuses. This due diligence will include smelters and refiners.
Economists' Pick 5 Aug 2016
8.
European Parliament Vote Advances Energy Efficiency Label Reform
On 6 July 2016, the European Parliament voted in plenary over an EU proposal to reform energy efficiency labels placed on products including a variety of household goods such as refrigerators, cooking appliances, washing machines and dishwashers.
Economists' Pick 5 Aug 2016
9.
Update on Recent Department of Energy Rulemaking Activities
The U.S. Department of Energy recently announced the following regulatory actions of potential interest to Hong Kong and mainland Chinese exporters of miscellaneous refrigeration products, general service lamps and central air conditioners.
Economists' Pick 29 July 2016
10.
The PLASA Live Event Show Dazzles with High-tech Innovations
Smarter speakers, more efficient LED lighting and ever-cheaper video displays were the talk of the recent PLASA live entertainment technology show, while increased connectivity and higher levels of automation were also widely in evidence.
Economists' Pick 27 July 2016
11.
Home Delights Expo
This consumer fair will showcase the latest electrical appliances and household products on the market.
Economists' Pick 26 July 2016
12.
US Consumers Gear Up for New Wave of High-tech Home Appliances
Robot cleaners, smart home appliance networks and eco-friendly clothes drying systems all imminently on the horizon.
Economists' Pick 26 July 2016
13.
Report Advises Extending Cadmium Exemption for Use in Televisions and Other Displays
A recent report supporting the exemption of the use of the toxic metal cadmium in quantum dots in electronic displays under the Restriction of Hazardous Substances (RoHS) Directive was published by the Öko-Institut for Applied Ecology. The report concludes that “an exemption should be granted for three years”.
Economists' Pick 22 July 2016
14.
European Trade Groups Call for End to Duties on Solar Panels
On 5 July 2016, 34 solar and renewable energy organisations sent a letter to the European Commissioner for Trade, Cecilia Malmström. These organisations are calling upon Ms. Malmström to end trade barriers against Chinese-origin solar panels and cells.
Economists' Pick 22 July 2016
15.
Update on Recent Department of Energy Rulemaking Activities
The U.S. Department of Energy recently announced the following regulatory actions of potential interest to Hong Kong and mainland Chinese exporters of light-emitting diode lamps, televisions and electric motors.
Economists' Pick 15 July 2016
16.
U.S. Reduces or Eliminates Tariffs on 201 IT Products, Provides Duty-Free Treatment to Travel Goods from Certain GSP Beneficiaries
The United States on 1 July implemented the immediate or staged elimination of tariffs on a broad range of information and communications technology products, as required by the expanded Information Technology Agreement.
Economists' Pick 15 July 2016
17.
MALAYSIA: Customs Duty Cut on Headphones and Range of Other Electronic Goods
Import tariffs have been reduced or removed across number of electronics goods categories. The changes, which came into effect as of 1 July this year, include an end to the 5% import duty on headphones, while the 20% duty on medical grade projecting equipment has been cut to 17%. In the case of equipment for switching and protecting electrical circuits, the tariff has been reduced from 15% to 13%.
Economists' Pick 11 July 2016
18.
China’s Lighting Market
Lighting products are essential to the development of the national economy and people’s livelihood. As China’s economy continues to grow and people’s living standard rises, the demand of the mainland market for lighting products is also expanding. In the last 20 years, China’s lighting industry has been developing rapidly at a steady pace and the country has become a leading lighting producer and consumer in the world.
China Trade 8 July 2016
19.
EU Council Concludes Agreement on Expansion of Trade in IT Products: Opportunities Set to Abound for Hong Kong Traders
On 1 July 2016, the EU expanded its duty-free treatment to new information technology (IT) products covered by a revised Information Technology Agreement. Elimination of tariffs in other participating countries is likewise being said to occur, although procedural delays are taking place in Japan, Korea and the Chinese mainland.
Economists' Pick 8 July 2016
20.
THAILAND: Tariff Cuts across 524 Electronic Goods Categories Set to be Phased in by 2019
Tariff cuts have now been introduced across 524 categories of electronic goods, including video games consoles, touch screens and GPS navigation equipment. The move is in line with the extended remit of the World Trade Organisation’s (WTO) Information Technology Agreement (ITA), with the other 54 member countries committed to introducing similar reductions.
Economists' Pick 8 July 2016
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