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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

August exports value up 25.9%

The value of Hong Kong’s total goods exports increased to $433.7 billion in August, up 25.9% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods jumped 28.1% to $460 billion for the same period.   A trade deficit of $26.3 billion, or 5.7% of the value of imports, was recorded for the month.   Comparing the three-month period ending August with the preceding three months on a seasonally adjusted basis, the value of exports increased 3.3%, while that of imports rose 3.7%.   The Government said the value of merchandise exports sustained notable year-on-year growth in August.   Exports to the Mainland, the US, the EU and many other Asian economies showed visible increases.   The total merchandise trade value amounted to $6.5099 trillion for the first eight months of the year, surpassing the high in the same period in 2018 by 12.8%, it added.   Looking ahead, the global economic recovery and vibrant regional trade flows should continue to support Hong Kong’s export performance in the near term.   However, the uncertainties on the economic outlook cast by the COVID-19 pandemic development, China-US relations and heightened geopolitical tensions also warrant attention, the Government noted.
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