Session No. 5 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2010-11
Question: In the revised estimated expenditure for 2009-2010, the general non-recurrent expenditure for the Special Loan Guarantee Scheme (SpGS) amounts to $2.24 million. What are the purposes of this expenditure? Asked by: Hon. LAM Tai-fai Reply: The revised estimated expenditure for SpGS in 2009-2010 is $2.24 million. It is for the settlement of default claims submitted by the participating lending institutions after the claims have been vetted by the Trade and Industry Department.
Question: In 2010-11, the Trade and Industry Department will continue to keep the strategic trade control system under review with a view to further streamlining procedures and requirements. Please inform this Committee the existing work progress, the work targets set under the review and the expenditure involved for this financial year (2010-11). Asked by: Hon. LAU Kin-yee, Miriam Reply: The Trade and Industry Department implements import and export licensing control on strategic commodities in accordance with the Import and Export Ordinance and the Import and Export (Strategic Commodities) Regulations, and reviews the operation from time to time. In 2010-11, we will maintain close liaison with the trade, and continue to keep the strategic trade control system under review to further streamline rules and procedures, on the basis that the integrity and effectiveness of control will not be compromised. Major work is as follows (1) to expedite the amendment of the list of controlled strategic commodities in accordance with the latest requirements of the international control regimes with a view to relaxing the control on import and export of the items concerned where appropriate; (2) to continue to explore the possibility of enhancing the “Approval-in-Principle Arrangement for Bulk Users of Strategic Commodities Licensing Service” by further streamlining the rules and procedures to facilitate the users; and (3) to continue to explore the possibility of simplifying the licensing requirements for transhipment of strategic commodities through Hong Kong with a view to facilitating the trading and logistics sectors. The review is conducted with existing manpower resources, and no extra expenditure will be incurred.
Directory: citb -> doc doc -> Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc Download 4.7 Mb. Share with your friends:
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