Guangdong Allowing Duty-Free Imports for Certain Foreign-Invested Projects

The Guangdong Provincial Development and Reform Commission in China recently began a trial implementation of a policy that would eliminate import duties on goods related to foreign-invested projects “encouraged by the state,” the Hong Kong Trade Development Council reported July 23. The pilot policy applies to projects “with a total investment” under $300 million and would last for two years. Entities involved in the projects may apply for import duty remissions and exemptions, HKTDC said.