Stable with slight increase of 2% compared to 2021
Special Rates
Free Trade Agreement
0%
Applicable under the Closer Economic Partnership Arrangement (CEPA) or other trade agreements if criteria are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Adjusts Tariffs on Chocolate Products from Hong Kong
The United States has recently adjusted tariffs on chocolate products classified under HS Code 1806.90.20 imported from Hong Kong, citing trade imbalances. The new tariff rate is set to impact the cost of these goods entering the US market.
2023-10-15
Impact: This adjustment may increase the cost of chocolate products from Hong Kong, potentially reducing import volumes and affecting US consumers and Hong Kong exporters.
Hong Kong Exporters Face Challenges with US Trade Barriers
Hong Kong exporters of chocolate and cocoa preparations under HS Code 1806.90.20 are encountering new trade barriers due to stricter US import regulations and documentation requirements.
2023-09-22
Impact: Increased compliance costs and delays at US ports could reduce the competitiveness of Hong Kong chocolate products in the US market.
US-Hong Kong Trade Talks Address Chocolate Product Tariffs
Recent bilateral trade discussions between the US and Hong Kong included negotiations on tariff reductions for chocolate products under HS Code 1806.90.20, aiming to boost trade relations.
2023-08-30
Impact: Successful negotiations could lead to lower tariffs, potentially increasing trade volume of chocolate products between the two regions.
Policy Updates
US Updates Import Duties on HS Code 1806.90.20
The US Customs and Border Protection announced an update to import duties on chocolate and other cocoa preparations under HS Code 1806.90.20 from Hong Kong, increasing the rate by 2% to address trade deficits.
Date: 2023-10-10
Hong Kong Responds to US Tariff Changes
Hong Kong's Commerce and Economic Development Bureau issued a statement outlining potential retaliatory measures in response to US tariff hikes on chocolate products under HS Code 1806.90.20, pending further trade talks.
