Strategic Commodities Order to kick off on 8 July
Hong Kong maintains obedience to international standards.
According to a report, the Import & Export (Strategic Commodities) Regulations (Amendment of Schedule 1) Order 2013 will come into operation on July 8.
The Trade & Industry Department said today the current exercise updates Hong Kong's Strategic Commodities Control List to reflect the changes adopted in the strategic commodities control lists by relevant international non-proliferation regimes, that is the Wassenaar Arrangement, the Australia Group, the Missile Technology Control Regime and the Nuclear Suppliers Group.
Hong Kong has been following the control thresholds the international non-proliferation regimes adopt, to ensure that Hong Kong always upholds controls consistent with the international standards, while relieving traders from licensing requirements when the international standards are relaxed.