Tannet provides trade and business service to look after your
trading activities and administration. We prepare documentation for
presentation under letters of credit or other payment mediums and
monitor bank account movements.
1. Hong Kong Trade Policy
Hong Kong follows a free trade policy and hence maintains basically
no barriers on trade. There is no customs tariff on goods imported
into or exported from Hong Kong. Import and export licensing are
kept to a minimum. Most products do not need licences to enter or
leave Hong Kong and where licenses or notifications are required,
they are only intended to fulfill obligations under various
international undertakings, or to apply for public health, safety
or security reasons.
The HK SAR Government Trade and Industry Department is the body
responsible for conducting of Hong Kong's external commercial
relations, certification of origin, and import/export licensing for
textiles, strategic commodities and reserved commodities.
2. Hong Kong Trade Organization
Hong Kong is member of the following trade bodies:
2.1 World Trade Organization (WTO)
2.2 Asia-Pacific Economic Cooperation (APEC)
2.3 Organization of Economic Cooperation and Development (OECD)
2.4 Pacific Economic Cooperation Council (PECC)
3. Hong Kong Trade documents services:
3.3 Letters of credit review.
3.2 Shipping documents, airfreight documents, bills of exchange.
3.3 Liaison with banks regarding bank account opening and obtaining
bank drafts and transfers.
3.4 Reviewing of sales and purchase orders and incoming letters of
credit or other payment mediums.
3.5 Preparing documentation for presentation under letters of
credit or other payment mediums and monitoring of bank account
3.6 Liaising and follow-up with business partners, including
buyers, sellers, freight forwarders, shipping agents, bankers,
legal advisors and other related parties.
3.7 Lodging import and export declarations in order to comply with
3.8 Applying for official documentation such as certificates of
origin and export licenses.