Import And Export Duties Such As Shoes And Clothing Are Half Hard To Surpass The "Zero Tariff" Advantage Of Hong Kong.

The industry is concerned that the news released by the Customs Department of the Ministry of finance about the import tariffs on consumer goods such as clothing and footwear will have a certain impact on the consumer market in Hongkong. Zhang Xiaode, deputy director of the Department of economics and teaching of National School of Administration, said that Hongkong is an international free trade port. Zero tariff analysis and careful analysis show that the reduction of import tariffs in the mainland will not have a great impact on Hongkong.

"Although this time

The import tariff rate has dropped by an average of more than 50%, but the price advantage of Hongkong's consumer products still exists. In a nutshell, the tariff of the mainland can not be lower than that of Hongkong.

Taking the tariff of suit and fur clothing down from 14-23% to 7-10%, for example, the price after tariff reduction will still be higher than zero tariff in Hongkong.

In Zhang Xiaode's view, the mainland tariff reduction is not a major factor affecting mainland tourists' consumption in Hong Kong.

It may also play an important role in it.

Zhang Xiaode pointed out to Da Kung Pao that the central government proposed to expand domestic demand and reduce tariff is one of the important measures. At the same time, the tariff of some imported consumer goods in the mainland is still high, which is not conducive to long-term.

It is also not conducive to China's trade balance with the rest of the world.

"Rather than allowing tourists to spend money on foreign consumption, it is better to reduce tariffs directly, so that consumption can happen in China. This will not only expand domestic demand, but also solve trade imbalance."

He continued.

Although the competitive advantage of Hongkong's consumer products is still in the background of lowering tariffs in the mainland, Zhang Xiaode believes that Hongkong should not be too conservative, but should actively launch new and influential service items to develop.

He stressed that the Hongkong market has its own uniqueness, not to occupy the "wearing" corner, eating, drinking, living and traveling are all areas worthy of further development, and it can also make full use of Hongkong's advantages in culture and education.

Mai Hui, chairman of the Hongkong Retail Management Association, said that the tariff rate decreased by an average of more than 50% this year, which is two to 30% higher than before.

She pointed out that the reduction of tariffs on daily products in the mainland will bring the mainland related products closer to the price of Hongkong, believing that this will have a certain impact on the number of mainland visitors, especially the purchase of daily necessities in Hong Kong and passengers from southern cities.

Mai also points out that the consumption patterns and capabilities of mainland tourists in recent years have changed, and that some of them are younger than before, and the goods they consume are different from those in the past.

At the same time, more tourists from non tier cities come to Hong Kong, and their spending power is relatively low.

She believes that for mainland customers, shopping in Hong Kong is still attractive because Hong Kong's retail products are diverse and concentrated, efficient and can also play in Hong Kong.