NEW DELHI - China said on Thursday (May 3) it has removed import duties on as many as 28 medicines, including all cancer drugs, from May 1, a move which would help India to export these pharmaceuticals to its neighbour, the Times of India reported."China has exempted import tariffs (duties) for 28 drugs, including all cancer drugs, from May 1st. Good news for India's pharmaceutical industry and me...

The administrator of the R2 recycling standard has detailed what is and isn’t legal when shipping used electronics and e-scrap to Hong Kong.According to Sustainable Electronics Recycling International (SERI), the guidance is meant to help R2-certified processors and auditors determine the legality of shipments to the semi-independent region of China.“Import/export regulations can be difficult to...

Hong Kong's total exports in March rose 8 percent from a year earlier, while imports were 10.7 percent higher, the Census and Statistics Department said yesterday.The value of exports amounted to HK$347.7 billion, while the value of imports of goods stood at HK$403.2 billion, it said.A Government spokesman said uncertainties arising from trade tensions between the United States and other major eco...

Microsoft Research Asia (MSRA), Microsoft’s world-class research arm, and Orient Overseas Container Line Limited (OOCL) announced their partnership in applying Artificial Intelligence (AI) research to improve network operations and achieve efficiencies within the shipping industry.The collaboration is expected to nurture over 200 AI developers over the next 12 months.“Microsoft has been committe...

The Port of Hong Kong is well on its way to greater digitalisation with the support of the Hong Kong Container Terminal Operators Association (HKCTOA) who stressed the importance of digitalization in enhancing the competitiveness at the port.A plan to fully implement Electronic Release Order (eRO) for import containers was launched in January this year as one of the key steps on HKCTOA’s digitali...