October 29, 2013

Commissioner of Customs & Excise Clement Cheung and General Administration of China Customs’ Vice Minister Sun Yibiao signed a mutual recognition arrangement in Beijing today.
 
It mutually recognises the Customs & Excise Department's Authorised Economic Operator Programme and the Mainland's Measures on Classified Management of Enterprises, promoting a secure and seamless flow of goods across the boundary.
 
Under the arrangement, local companies accredited by Hong Kong as Authorised Economic Operators can enjoy prioritised clearance for their goods imported from or exported to the Mainland.
 
Similarly, Mainland companies which have been certified as "AA" class will have their exports cleared expeditiously upon arrival in Hong Kong.
 
At the signing ceremony, Mr Cheung said the measures will enable Hong Kong companies to tap into the Mainland market, bringing more business opportunities for import, export and logistics industries.