Outward Processing Arrangement

The Outward Processing Arrangement (OPA) concerns the textile industry in Hong Kong and the People's Republic of China. It states that Hong Kong manufacturers can subcontract subsidiary and finishing processes to mainland factories, as long as the "major transformation" of the garment takes place in Hong Kong. Major transformation, however, only needs to amount to 10% of total cloth processing. Any products exported to China for outward processing must be reimported to Hong Kong within 2 months. Effective from 10 June 2005, Hong Kong manufacturers can apply to the Trade and Industry Department of Hong Kong for exemption of export duty in association with the processed garments as they are being exported from China.

The arrangement allow companies in Hong Kong to manufacture and export textile products from China to rest of the world without being subjected to quota and tariff imposed by other countries against China.

References

^ Kwan, Herman (1 August 2006). "Certificate of Origin Circular No. 13/2006: Outward Processing Arrangement (OPA) Registration". Trade and Industry Department. Retrieved 9 January 2019.
Windle, Charlotte (5 September 2005). "Stores fashion new Chinese supplies". BBC News. Hong Kong. Retrieved 9 January 2019.
Kwan, Herman (2 June 2005). "Certificate of Origin Circular No. 3/2005—Outward Processing Arrangement (OPA): Exemption from Mainland Export Duty for Hong Kong Textiles Products". Trade and Industry Department. Archived from the original on 2 November 2005. Retrieved 9 January 2019.
"面對貿易糾紛用Opa解香港紡織業難題".

External links

Outward Processing Arrangement (OPA): Exemption from Mainland Export Duty (archived from the original on 26 September 2007): links to related publications by the Hong Kong Trade and Industry Department

v t e Economy of Hong Kong
History	Seamen's strike of 1922 Black Saturday (1983) Four Asian Tigers Ting Hai effect 1997 Asian financial crisis Stock disasters in Hong Kong Brand Hong Kong Positive non-interventionism Taipan Poverty Campaign: Speak Up Pearl River Delta
Currency	Hong Kong dollar Hong Kong Mint Hong Kong Note Printing Banknotes of the Hong Kong dollar Coins of the Hong Kong dollar
Industry and business	List of companies of Hong Kong Agriculture and aquaculture in Hong Kong Hong Kong Export Credit Insurance Corporation
Government agencies	Hong Kong Trade Development Council Hong Kong Monetary Authority Commerce and Economic Development Bureau Financial Services and the Treasury Bureau Trade and Industry Department Office of the Government Economist Inland Revenue Department Agriculture, Fisheries and Conservation Department State enterprises in Hong Kong
Employment and tax	Employment in Hong Kong Estate Duty Ordinance Goepfert case Inland Revenue Ordinance Partnership taxation Profits tax Rates (tax) Salaries tax Minimum Wage Ordinance Stamp Duty Ordinance Stamp duty Goods and Service Tax
Infrastructure and Transport	Port of Hong Kong Hong Kong–Zhuhai–Macau Bridge Hong Kong International Airport Guangzhou–Shenzhen–Hong Kong Express Rail Link MTR
Rankings	International rankings of Hong Kong
Finance and banking	Hong Kong Exchanges and Clearing The Stock Exchange of Hong Kong Hong Kong Futures Exchange Securities and Futures Commission Linked exchange rate Red chip H share Electronic Payment Services Growth Enterprise Market Hong Kong Mercantile Exchange Hang Seng Index Hang Seng China Enterprises Index Hang Seng China-Affiliated Corporations Index CSI Cross-Straits 500 Index
Agreements	CEPA Ship Registration in Hong Kong Outward Processing Arrangement
Energy	List of power stations in Hong Kong
Other	Water supply in Hong Kong Individual Visit Scheme Economic freedom Four big families of Hong Kong
See also: Economy of Macau Economy of Asia

This international trade related article is a stub. You can help Misplaced Pages by expanding it.

This Hong Kong–related article is a stub. You can help Misplaced Pages by expanding it.

This article related to a treaty is a stub. You can help Misplaced Pages by expanding it.

Categories: