|
Commercial
Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/5
20
January 2006
Dear Sirs,
Commercial
Information Circular No. 33/2006
The
Mainland of China : Supplementary
Provisions to the "Interim Rules on Setting Up Travel Agency Majority-owned
or Wholly-owned by Foreign Investors"
In relation to the signing of Supplement
II to the Mainland and Hong Kong Closer Economic Partnership Arrangement,
the China National Tourism Association and the Ministry of Commerce
jointly promulgated on 29 December 2005 supplementary provisions to
the "Interim Rules on Setting Up Travel Agency Majority-owned or
Wholly-owned by Foreign Investors", which took effect from 1 January
2006. The supplementary provisions lower the entry requirement in the
Mainland for Hong Kong service suppliers providing tourism and travel
related services: the annual business turnover of the Hong Kong service
suppliers should not be less than US$25 million for setting up wholly
owned travel agencies in the Mainland; and not less than US$12 million
for setting up joint venture travel agencies in the Mainland. A copy
of the supplementary provisions is attached at Annex
(pdf format) for reference.
- For details of the "Interim Rules
on Setting Up Travel Agency Majority-owned or Wholly-owned by Foreign
Investors", please refer to our CIC No. 170/2003 dated 17 June
2003.
ENQUIRIES
- If you have
any questions on the content of this circular, please contact Ms.
Eugenia CHAN at 2398 5444.
Yours faithfully,
(Hugo CHIU)
for Director-General of Trade and Industry
|
Electronic
services for Production Notification and Certificate of Origin
enable traders to make the relevant applications directly through
their office computer faster and easier. Electronic service has
now been extended to the submission of Cargo Manifests and Textiles
Notifications. For details and enquiries,
please call Tradelink at 2599 1700.
|
| Note
: |
(1) In case of discrepancies
between the Chinese and the English texts of this circular,
the Chinese text shall for all purposes be conclusive.
(2) While every effort is made to ensure the accuracy of the
above information, the Department cannot guarantee this to be
so and will not be held liable for any reliance placed on the
same. |
|
