Hong Kong’s new round of enhanced measures to support enterprises against US tariffs

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These measures include extension of the free pre-shipment cover, a premium discount on pre-shipment risks, and lower premium rates for new markets.

In response to US reciprocal tariffs, the Hong Kong Export Credit Insurance Corporation (ECIC) will introduce a new round of enhanced measures to support the export trade in Hong Kong and help enterprises, especially small and medium enterprises (SMEs), in expediting expansion into new markets

The three enhanced measures with immediate effect include:

1. extend the free pre-shipment cover for holders of the Small Business Policy (SBP) which is tailor-made for the SMEs until 30 June 2026;
2. offer a 50% discount on pre-shipment risks to cover premiums for non-SBP holders; and
3. reduce the premium rates for new markets to be in line with those for traditional major markets to reduce the costs and support exporters in tapping into the ASEAN market.

Algernon Yau, Secretary for Commerce and Economic Development (SCED), said the three enhanced measures introduced by the ECIC will help accelerate Hong Kong enterprises' expansion into new and diversified markets. The CEDB will continue to maintain close liaison with the business community, and provide support to the SMEs through various funding schemes and support measures, including the SME Financing Guarantee Scheme and the Dedicated Fund on Branding, Upgrading and Domestic Sales, etc. in managing cash flow, enhancing competitiveness, and expanding into more diversified markets.

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