Mainland and Hong Kong Closer Economic Partnership Arrangement
Encyclopedia : M : MA : MAI : Mainland and Hong Kong Closer Economic Partnership Arrangement
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The Mainland and Hong Kong Closer Economic Partnership Arrangement (Traditional Chinese: ; pinyin: [Pronunciation] ), or Closer Economic Partnership Arrangement (CEPA; Traditional Chinese: }), is an economic agreement between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on June 29, 2003. A similar agreement, known as Mainland and Macao Closer Economic Partnership Arrangement, was signed between the Government of the Macao Special Administrative Region and the Central People's Government on October 18, 2003.
The two agreements were signed in the Chinese language, and therefore only the Chinese text is authentic. Excerpts below are translations of the original text.
In the “CEPA”, the "Mainland" refers to the customs territory of China.
Objectives
Taken from the agreement between Hong Kong and mainland China:" To strengthen trade and investment cooperation between Mainland China and Hong Kong and promote joint development of the two sides, through the implementation of the following measures :
- progressively reduce or eliminate tariffs and non-tariff barrier on substantially all the trade in goods between the two sides;
- progressively achieve liberalization of trade in services through reduction or elimination of substantially all discriminatory measures;
- promote trade and investment facilitation. "
See also
- Economy of the People's Republic of China
- Economy of Hong Kong
- Economy of Macau
- Mainland and Macao Closer Economic Partnership Arrangement
- Special administrative region
- Trade bloc
External links
- [Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)]
- [Mainland and Macao Closer Economic Partnership Arrangement (CEPA) (in English)] ([in other languages])
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