Market News | HKTDC Food Expo

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INDIA: Spice Product Imports Banned by Hong Kong and Singapore
May 2024

Some Indian spice products have been banned from sale by Hong Kong’s Food and Environmental Hygiene Department Centre for Food Safety, according to an announcement on 5 April 2024.

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U.S. Meat and Poultry Exporters Informed of New Hong Kong Requirements
May 2024

The Food Safety and Inspection Service reports that beginning on 1 July Hong Kong will require FSIS to submit a list of U.S.-certified establishments exporting raw meat and poultry products to Hong Kong.

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Hong Kong FoodTech: Building a Local Agrifood-Tech Industry Chain
May 2024

Agrifood-tech encompasses the two concepts of “agritech” and “foodtech”, they are two key areas in the food supply chain. HKTDC Research interviewed Professor Lam Hon-Ming, Choh-Ming Li Professor of Life Sciences, School of Life Sciences, Chinese University of Hong Kong, to understand Hong Kong’s role and positioning on building the agrifood-tech industry chain.

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Tariff Classification Change Finalised for Protein Powder
Apr 2024

CBP is reclassifying rice protein powder as a food preparation under HTSUS 2106.10.00 (6.4 percent duty) instead of as a protein substance under HTSUS 3504.00.5000 (4 percent duty).

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Chilean Cherries Prove New Champions at Mainland China’s Checkouts
Apr 2024

As part of an ongoing look at opportunities in South America’s export sector, it’s the turn of the cherries from Chile that are conquering China.

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Bold Argentinian Beef Importers Steak It All On Rare Start-Up Concept
Apr 2024

As part of a look at South American business opportunities, an Argentinian entrepreneur outlines his entree into Hong Kong’s meat market.

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Hong Kong FoodTech: Futuristic Fungi Farming
Apr 2024

As the growing world population and rising environmental concerns combine to place ever-greater demands on food resources, Hong Kong’s Mushroom-X is using new technology to grow both sustainable high-quality proteins, and also environmentally friendly biomaterials for packaging and construction.

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UK Businesses Alarmed over New Border Charge for Imports of Certain EU Goods
Apr 2024

A recent imposition of a border tax related to Brexit has incited significant disapproval from UK businesses. According to a report by Politico on 4 April 2024, trade associations are concerned that new inspection fees will contribute to inflationary pressures and reduce consumer options. The flat rate "common user charge" is intended to cover the expenses associated with veterinary and health inspections for animal and plant products.

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New Process for Meat and Poultry Product Certificates for Export to Mainland China
Apr 2024

The Food Safety and Inspection Service has announced that starting 1 July export certificates for meat and poultry products (excluding casings and egg products) exported to mainland China will be digitally signed in FSIS’ Public Health Information System.

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ASEAN Ascends – Exploring the Philippines: The Strategic Investment Priority Plan
Apr 2024

Foreign investors looking to take advantage of the Philippines’ recent reform and incentive package should try to gain a more comprehensive understanding of the country’s key industrial sectors, especially those identified in the Strategic Investment Priority Plan (SIPP). This will help them capitalise on the opportunities that the Philippines offers.

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