Hong Kong Advises Traders of Increased Risk of Importing From US Due to BIS Restrictions
Hong Kong is advising importers of U.S.-origin goods to check with their sellers about possible trade interruptions after the Bureau of Industry and Security increased restrictions on exports to the region. Hong Kong’s Trade and Industry Department will work with “the licensees concerned to cancel the relevant unused licences,” the agency said July 2. “Otherwise, traders might risk themselves violating the relevant U.S. laws and regulations.”
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Recent BIS moves include eliminating license exceptions for civil end-users (see 2005130017), increasing license restrictions on exports to military end-users in China (see 2006290045), banning defense exports and suspending license exceptions for shipments to Hong Kong (see 2006300050).