Applicable under the Closer Economic Partnership Arrangement (CEPA) if specific criteria are met for origin of goods.
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Hong Kong Trade Fluctuations in Woodland Log Handling Equipment
Recent data shows a slight decline in exports of woodland log handling equipment (HS Code 8428.90.0310) from the US to Hong Kong, attributed to reduced demand in Hong Kong's construction sector.
2023-10-15
Impact: This may lead to decreased trade volume in this specific category, prompting US exporters to seek alternative markets.
Hong Kong Importers Review US Equipment Tariffs
Hong Kong importers of woodland log handling equipment are reevaluating sourcing strategies amid ongoing US tariff concerns, potentially shifting to other global suppliers.
2023-09-20
Impact: Potential reduction in US exports of this equipment to Hong Kong if tariff issues persist, affecting bilateral trade dynamics.
US Export Controls Tighten on Specialized Machinery to Hong Kong
New US export control measures have been introduced, impacting the trade of specialized machinery, including woodland log handling equipment, to Hong Kong due to national security concerns.
2023-08-05
Impact: Trade restrictions could significantly lower export volumes of HS Code 8428.90.0310 equipment from the US to Hong Kong.
Policy Updates
US Updates Export Control Policies for Hong Kong
The US Department of Commerce has updated export control policies, imposing stricter licensing requirements for certain machinery, including woodland log handling equipment under HS Code 8428.90.0310, due to evolving geopolitical tensions.
