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Hong Kong Textiles Control System to be further relaxed
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     The Government published in the Gazette today (June 13) the Import and Export (General) Regulations (Amendment of Schedules) Order 2014 (the Amendment Order) and the Import and Export (Fees) (Amendment) (No. 2) Regulation 2014 (the Amendment Regulation) to further relax the Hong Kong Textiles Control System (TCS).

     The Amendment Order and the Amendment Regulation will come into effect on November 21. Upon the commencement of the Amendment Order and the Amendment Regulation, all textiles imports and exports will no longer be subject to licensing and notification requirements. In addition, the production of cut-and-sewn garments will no longer be subject to the Production Notification requirement.

     The Trade and Industry Department (TID) will continue to operate the voluntary registration for textiles traders under the Textiles Trader Registration Scheme (TTRS) for an initial period of about three years. The voluntary registration will enable registered textiles traders to make immediate use of the facilitation measures under the TTRS as soon as the TCS is reinstated if circumstances require. The annual TTRS registration fee will be reduced from $349 to $61 upon further relaxation of the TCS.

     "The further relaxation marks a phenomenal milestone that fully liberalises textiles trade control lasting over half a century. It is in tune with the liberalised global textiles trading environment and the development in the local textiles trade. It will facilitate the import and export of textiles," a spokesperson for the TID said.

     "Textiles traders are encouraged to plan ahead in light of the upcoming relaxation of the TCS," the spokesperson said. The implementation details of the further relaxation will be announced through trade circulars and the TID's web portal later. Interested parties may visit the website at www.tid.gov.hk for details.

Ends/Friday, June 13, 2014
Issued at HKT 10:38

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