Hong Kong Import & Export Practices

Import and export business The market for cosmetics and toiletries in Hong Kong in 2002 was estimated at $ 787 million. As domestic cosmetics and cosmetics are small, Hong Kong relies on products imported from China, Japan, the USA, France, Singapore, Malaysia and China. Taiwan industry officials are forecasting that import growth will continue in the coming years despite the economic slowdown in Hong Kong. The constant demand from tourists in mainland China will also boost the growth of imported cosmetics and cosmetics.

Hong Kong is the seventh largest import and export trade entity, and the value of traded products exceeds the gross domestic product (GDP). More than half of the cargo throughput includes transshipment (cargo transport in Hong Kong). About 40% of this traffic is dominated by products from Mainland China. This city can build a transportation and logistics infrastructure such as the fifth most congested container port in the world and the most crowded international cargo airport. The largest export markets in this region are China and the USA.

Regionally, EAP (East Asia and the Pacific) countries are major exporters of plastic waste, as Hong Kong's exports to China are significant (Figure S5). In addition to Hong Kong, ECA (European and Central Asian) countries are major exporters (Germany, UK, Netherlands etc.), accounting for 32% ($ 27.6 billion) of total exports, then North American countries (the United States and Canada) It is followed. It contributed 14% ($ 14.3 billion) of export value (see footnotes in Tables 1 and 2). EAP countries dominate the importation of plastic waste and have imported 75% ($ 83.3 billion) of plastic waste since 1988 (Table S2). Overall, the OECD countries contributed 64% ($ 57.4 billion) to all exports, indicating large amounts of plastic waste transactions between the OECD countries and the European Economic Community countries (see note 2 in Table 2 ).

As both China and Hong Kong are members of the World Trade Organization, Hong Kong should be able to export to the mainland more easily. This means that domestic exports of Hong Kong will increase significantly. In order to promote entry into the Chinese market, more foreign companies sometimes put regional headquarters in Hong Kong. Hong Kong supports China's accession to the World Trade Organization, which shows that Hong Kong is a supporter of world trade. APEC is a major agreement to promote open trade and economic cooperation in the Asian region. APEC currently has 21 member countries, including major countries in this region, and some of the fastest growing countries in the world. America, Japan, Hong Kong are members of APEC. APEC is neither a formal trade agreement like the WTO or the North American Free Trade Agreement nor a market like the European Union. APEC's activities have three main themes. These themes are trade and investment liberalization, trade facilitation, and economic and technical compensation.