The Outward Processing Arrangement (OPA) concerns the textile industry in Hong Kong and the People's Republic of China. It states that Hong Kong manufacturers can subcontract subsidiary and finishing processes to mainland factories, as long as the "major transformation" of the garment takes place in Hong Kong. Major transformation, however, only need to amount to 10% of cloth processing. Effective from 10 June 2005, Hong Kong manufacturers can apply to the Trade and Industry Department of Hong Kong for exemption of export duty in association with the processed garments as they are being exported from China.
Famous quotes containing the words outward and/or arrangement:
“And here the precious dust is layd;
Whose purely temper’d Clay was made
So fine, that it the guest betray’d.
Else the soule grew so fast within,
It broke the outward shell of sinne,
And so was hatch’d a Cherubin.”
—Thomas Carew (1589–1639)
“There is no reason why parents who work hard at a job to support a family, who nurture children during the hours at home, and who have searched for and selected the best [daycare] arrangement possible for their children need to feel anxious and guilty. It almost seems as if our culture wants parents to experience these negative feelings.”
—Gwen Morgan (20th century)