Applicable under the Closer Economic Partnership Arrangement (CEPA) or other agreements if criteria are met.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US Increases Export Controls on Ergometrine to Hong Kong
The US Department of Commerce has tightened export controls on Ergometrine and its salts (HS Code: 293961) to Hong Kong due to concerns over potential misuse in pharmaceutical applications.
2023-10-15
Impact: This may lead to reduced export volumes from the US to Hong Kong, increased scrutiny on shipments, and potential delays in trade.
Hong Kong Importers Seek Alternative Suppliers for Ergometrine
Following recent US export restrictions, Hong Kong-based pharmaceutical companies are reportedly looking for alternative suppliers of Ergometrine and its salts from other regions like the EU.
2023-09-20
Impact: This shift could decrease US-Hong Kong trade in Ergometrine, redirecting demand to other global markets.
US-Hong Kong Trade Talks Address Ergometrine Regulations
Recent bilateral trade discussions between the US and Hong Kong included topics on regulatory frameworks for controlled substances like Ergometrine, aiming to balance trade and security concerns.
2023-08-05
Impact: Potential for revised trade agreements or eased restrictions, which could stabilize or increase trade flows in the future.
Policy Updates
US Export Control Update on Ergometrine
The US Bureau of Industry and Security added stricter licensing requirements for exporting Ergometrine and its salts (HS Code: 293961) to Hong Kong, citing national security and public health concerns.
Date: 2023-10-10
Hong Kong Customs Policy on Controlled Substances
Hong Kong updated its customs regulations to include mandatory reporting and enhanced checks for imports of Ergometrine and related compounds, aligning with international standards.
