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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Customs condemns false accusation

Customs today seized a batch of suspected law-breaking products from a chain retailing group and condemned any false accusation maliciously alleging that its action against the trader is repression.   It seized a batch of 14 models of suspected law-breaking shower gels, household cleaning detergents and clothing bleaches from various premises of the chain retailing group.   The product information marked on the packages of the products involved failed to bear bilingual warnings or cautions for their safekeeping, use, consumption or disposal, suspected to be in contravention of the Consumer Goods Safety Regulation, a subsidiary legislation of the Consumer Goods Safety Ordinance.   Customs said an investigation is ongoing and did not exclude the likelihood of more arrests.   For the sake of public interest, the department will make a public announcement on details of the case on April 9 and alert the public on the suspected law-breaking products.   Customs added it will take all necessary actions, under which decisive law enforcement action will be taken if any suspected violation is found.
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