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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

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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