Hong Kong Business News

In response to the recent announcement by the US to impose an additional 10% duty on Hong Kong products, the Hong Kong Special Administrative Region Government has decided to file a complaint with the World Trade Organization (WTO).
  
In regard to the matter, the Hong Kong SAR Government noted that the US' measures are grossly inconsistent with the relevant WTO rules and ignore Hong Kong’s status as a separate customs territory as stipulated in Article 116 of the Basic Law and recognised by the WTO.
 
The Hong Kong SAR Government added that it will formally launch procedures in accordance with the WTO Dispute Settlement Mechanism against the US' unreasonable measures to defend its legitimate rights.
      
In addition to reiterating that Hong Kong is a staunch supporter of the rule-based multilateral trading system, the Hong Kong SAR Government said it strongly opposes the US' measures and urges it to take immediate actions to rectify its wrongdoing.