Source: Taiwan Economic Daily
Economic Daily Act Illustration
Mainland China has caused US President Trump's anger through the Hong Kong version of the National Security Law, and announced the cancellation of special treatment enjoyed by Hong Kong, including tariffs, Extraction agreement, military and civilian scientific and technological output restrictions to show punishment.In November of last year, the United States was sent to China Movement in November. After the two parties jointly supported the human rights and democratic bills and the protection of the Hong Kong law, they sanctioned the mainland's violations of human rights. In the case of deterioration of the US -China relations, this time we took severe measures to ChinaNot surprising.
Earlier, U.S. Secretary of State Pompeo said in Congress: "Hong Kong can no longer maintain a high degree of autonomy in China", which means that the United States intentionally cancels Hong Kong's special trade status and does not recognize Hong Kong's individual tariff field identity.Trump's announcement yesterday has triggered concern from all walks of life on the future of Hong Kong and the impact of Taiwan's economic and trade.
In April 1986, Hong Kong was declared a complete autonomy in the British as the colonial owner of the colonies and the jurisdiction of GATT, and agreed to join GATT as an individual tariff field as an individual tariff field.When the WTO was established in 1995, Hong Kong became a member. So far, it has signed eight free trade agreements with China, New Zealand, the European Union, Chile, Macau, Asia, Georgeia, and Australia.Hong Kong also has a separate tariffs and market openness and regulatory mechanisms, and has absolute complete autonomy in foreign trade relations and border measures.From any perspective, Hong Kong is a different tariff field different from mainland China. This is undoubted. This is determined by WTO, and it is not unilaterally canceled in the United States.
Any WTO member must increase tariffs or take restrictions on specific members, and must meet the WTO specifications. However, Trump has driven the emotional emotion in the United States.The United States has already ignored the WTO regulations, and I have done it, and the WTO has become a strong crossbow. Everyone is helpless; so the United States will cancel the individual tariff field that recognizes Hong Kong, and I am afraid that no one can stop it.
The United States revokes the special status of Hong Kong. The United States' tariffs, sanctions and export restrictions on China may also be applicable to bilateral trade between Hong Kong and the United States, and change the independence of the rule of law and financial supervision in Hong Kong.It may endanger Hong Kong as a global financial center.As for how much influence depends on what kind of treatment in the United States to cancel Hong Kong, and whether the sanctions on the mainland are applicable to Hong Kong, if the limits of technical transfer, technical exchanges and international students are indeed implemented, it will affect the development of Hong Kong.
The trade volume of the United States and Hong Kong in 2018 was about 38 billion US dollars, and the US trade surplus of Hong Kong was about 33.4 billion US dollars.Hongkong.Hong Kong is an important export market in the United States, ranking tenth in 2018.In addition, more than 1,300 U.S. -funded companies operate in Hong Kong, which is fully conducive to Hong Kong's position as an American logistics center and financial center.After the United States cancels special treatment, the tariffs of each other will immediately increase, the trade situation between the two parties will be affected, the price of goods in Hong Kong must rise, and the retail industry in Hong Kong will lose its attractiveness to mainland tourists.Hong Kong is the portal of Western funds to the mainland. The US $ 125 billion of foreign investment directly invested in the mainland, and 99 billion U.S. dollars passed through Hong Kong, accounting for about 80%.A large number of mainland companies include 96 central enterprises are listed in Hong Kong.70%of global RMB settled through Hong Kong.Therefore, US sanctions will definitely endanger Hong Kong's overall and financial confidence; if it causes damage to the Hong Kong dollar and Hong Kong listing, it is not only Hong Kong who lost the loss, but the position of Hong Kong's use of Hong Kong to enter the Chinese portal may also slip sharply.
Taiwan and Hong Kong economic and trade cooperation are very close. According to Hong Kong statistics from 2015 to 2019, the average annual increase of bilateral trade in Hong Kong and Taiwan has increased by 5.4%per year. In 2019, Taiwan is the third largest trading partner of Hong Kong, and the sixth Hong Kong.Export market, the fifth largest transfer market.At present, 26 companies in Taiwan have operation headquarters in Hong Kong, including 40 companies including Hon Hai and Baocheng to list in Hong Kong. Because Hong Kong has an advantage in international laws, market promotion, finance, and logistics.It should be more.Today, the status of Hong Kong will definitely affect Taiwan's use of Hong Kong as a re -export trade, logistics centers, operating centers and fund raising centers.
Any changes in the United States' special treatment in Hong Kong will affect Hong Kong's international status internationally. Especially in terms of economic and trade, finance, it will have a great adverse effect on the United States, China, Hong Kong and Taiwan. It should be.Evaluate the response as soon as possible.
