Photo from Nick Kulyakhtin on Unsplash

Transhipment scheme extended for Mainland-Singapore cargo

The old scheme covered the cargo of 67 economies under 19 trade agreements.

Customs has extended the Free Trade Agreement Transhipment Facilitation Scheme to cover transhipment cargo from the Mainland to Singapore via Hong Kong.

The extension allows local traders to apply for a certificate of non-manipulation to claim a preferential tariff in customs.

Before the extension, cargo was to be transhipped northbound via Hong Kong to the Mainland, whilst Mainland transhipment cargo headed southbound for Taiwan, Korea and Australia.

The scheme was first introduced in December 2015 to provide traders with a customs supervision service.

In addition, the scheme grants traders a certificate of non-manipulation, certifying transhipment cargo that has not undergone any further processing during its stay in Hong Kong.

 

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