Market News | HKTDC Hong Kong Electronics Fair (Autumn Edition)

Market News Picture
Public Consultations Open for Proposed Legal Acts Concerning Carbon Footprint Declaration under EU Batteries Regulation
May 2024

On 30 April 2024, for the first time since the entry into force of Regulation (EU) 2023/1542 concerning batteries and waste batteries (the EUBR), the European Commission (the Commission) has published on its Public Consultations and Feedback (‘Have your say’) website the draft text of a related Commission Delegated Regulation (CDR). The draft text supplements the EUBR by establishing the methodology for the calculation and verification of the carbon footprint of electric vehicle (EV) batteries and its accompanying Annex (available for download).

Market News Picture
MALAYSIA: ASEAN’s Largest Integrated Circuit Design Park to Open in July
May 2024

Malaysia’s Selangor state government officially announced on 22 April 2024 the development of the Malaysia Semiconductor Accelerator and IC Design Park, planned to become Southeast Asia’s largest integrated circuit (IC) design park.

Market News Picture
New Energy Efficiency Standards for Water Heaters, Energy Test Procedures for UPSs
May 2024

The U.S. Department of Energy has adopted new energy efficiency standards for residential water heaters that are expected to save U.S. households and businesses some US$7.6 billion per year on energy costs. Separately, the DOE has amended the current energy test procedure for uninterruptable power supplies.

Market News Picture
Interpretation of “Foreign Entity of Concern” as Regards Battery Sector Finalised
May 2024

The U.S. Department of Energy has finalised a proposed interpretation of the statutory definition of “foreign entity of concern (FEOC)” in the Infrastructure Investment and Jobs Act that is designed to limit the participation of FEOCs in domestic battery supply chains and bolster the growth of domestic and friend-shored battery materials processing and manufacturing.

Market News Picture
EU Rules Introducing the Right to Repair Products Adopted by European Parliament
May 2024

On 23 April 2024, the European Parliament, sitting in plenary, adopted the EU Directive on the “right to repair” for consumers. The rules lay down certain obligations – related to sustainability – for manufacturers to repair goods. They are also a tool to encourage consumers to extend a product’s lifecycle by means of repair,aiming to make it more appealing to them.

Market News Picture
EU Fines Apple Over €1.8 Billion, Considering Its App Store Trading Conditions to Be “Unfair”
Apr 2024

It was reported last month that the European Commission (“Commission”) has fined Apple over €1.8 billion for abusing its dominant position on the market for distribution of music streaming apps to iOS users (that is, iPhone and iPad users) through its App Store.

Market News Picture
Bluetooth Headsets Could Benefit from Section 301 Duty Exemption
Apr 2024

Input may be submitted through 24 May on a proposal to re-classify wireless headphone sets as headphones and earphones under HTSUS 8518.30.20 rather than as apparatus for the transmission or regeneration of voice, images or other data under HTSUS 8517.62.00. While both of these tariff classifications benefit from duty-free treatment, articles classified under HTSUS 8518.30.20 are currently exempt from Section 301 duties while subject merchandise classified under HTSUS 8517.62.00 currently faces a 7.5 percent Section 301 duty.

Market News Picture
New Energy Efficiency Standards for General Service Lamps, Dishwashers and Other Products
Apr 2024

The U.S. Department of Energy has adopted new energy efficiency standards for general service lamps, dishwashers, commercial rooftop units, circulator pumps and miscellaneous refrigeration appliances that overall are expected to save U.S. households and businesses some US$3.5 billion per year on energy costs.

Market News Picture
Houseware Industry in Hong Kong
Apr 2024

Hong Kong is a world-renowned sourcing centre for houseware products, including tableware, kitchenware and sanitary ware made of a vast variety of materials. Owing to the high production costs in Hong Kong, most Hong Kong manufacturers have relocated production to the mainland or other emerging economies, particularly those in Southeast Asia. High value-adding functions, such as sourcing, logistics and product development, are kept in Hong Kong.

Market News Picture
Update on Recent Energy Efficiency Rulemakings
Apr 2024

The U.S. Department of Energy has made several changes to its procedures, interpretations and policies for considering energy conservation standards and test procedures for consumer products and certain commercial/industrial equipment. Additionally, it has announced separate rulemaking actions involving distribution transformers, dishwashers, clothes washers, clothes dryers, central ACs and heat pumps, and walk-in coolers and freezers.

Go to Page