By Jessie Pang and Marcus Lum HONG KONG (Reuters) – An increase in the duty-free quota for Chinese tourists to Hong Kong may go some way to support the city’s retailers, but visitors from the mainland say prices are still unattractive. From expanding the solo travel scheme for Chinese visitors to Hong Kong in May […]
(Bloomberg) — Duty free shop DFS Group Ltd. co-founder Robert Miller’s family office is disbanding its own investment team, in favor of handing its roughly $2 billion investment portfolio to external managers, said people familiar with the matter. Most Read from Bloomberg The family office is winding down Hong Kong-based SAIL Advisors Ltd., its 20-year-old […]
WASHINGTON (AP) — Two U.S. senators looking to crack down on the number of packages from China that enter the country duty-free are calling on President Joe Biden to take executive action, saying U.S. manufacturers can’t compete with low-cost competitors they say rely on forced labor and state subsidies in key sectors. U.S. trade law […]
The European Commission plans to offer EU countries an extension of the duty-free trade regime with Ukraine until June 2025, dismissing Poland’s proposal to reinstate tariffs on some “sensitive products,” Polish Agriculture Minister Czesław Siekierski said in an interview with Business Insider Polska on Jan. 17. Other measures to restrict Ukrainian agricultural exports, such as […]