Hongkong Customs Announces New Version Of HS Code, Effective January 1, 2020
Recently, the statistics office of the Hongkong special administrative region issued the "2020 Hongkong cargo coordination system". The 2020 version of the Hong Kong cargo co operation system will take effect in January 1, 2020. This revision involves 7 plant items, and adopts more appropriate detailed classification and name of goods to make the classification of goods more up to date. The declarations submitted for import and export goods before the new version are required to be submitted according to the 2019 port cargo co operation system.

Meanwhile, the Hongkong customs also issued press announcements. From January 1, 2020 onwards, the imported and exported goods must be declared in accordance with the latest revised version of the 2020 version of the Hongkong import and export classification (Harmonization System).
Revised classification of import and export goods, 202, effective 0 years

In December 14, 2018, the mainland and Hongkong signed the "cargo trade agreement" under the framework of the mainland and Hongkong Closer Economic Partnership Arrangement (CEPA) in Hongkong, together with the previously signed service trade agreements, investment agreements and economic and technical cooperation agreements, marking the goal of promoting the CEPA upgrade in the national "13th Five-Year" plan ahead of schedule, and upgrading CEPA to a more comprehensive modern free trade framework agreement. The CEPA upgrade shows that the economic and trade relationship between the mainland and Hongkong is not the same. It is the highest level of free trade arrangement. It also indicates that the mainland and Hongkong are entering the new stage of cooperation.
The agreement will take effect on the date of signing and will be implemented in January 1, 2019. The agreement combed and updated commitments under the framework of CEPA for opening and facilitating trade in goods, further enhancing the level of openness of trade in goods under the framework of CEPA. By optimizing the rules of origin, the import of goods originating in Hongkong will enjoy zero tariff.
The agreement, based on the original "product specific rules of origin", introduces the general rules of origin based on the added value of products in Hongkong, and allows products with specific product origin rules to be excluded.
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