Mainland and Hong Kong Closer Economic Partnership Arrangement

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Mainland and Hong Kong Closer Economic Partnership Arrangement
Traditional Chinese: 內地與香港關於建立更緊密經貿關係的安排
Simplified Chinese: 内地与香港关于建立更紧密经贸关系的安排
Closer Economic Partnership Arrangement
Traditional Chinese: 更緊密經貿關係
Simplified Chinese: 更紧密经贸关系

The Mainland and Hong Kong Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, 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 the Mainland and Macau Closer Economic Partnership Arrangement, was signed between the Government of the Macau Special Administrative Region and the Central People's Government on October 18, 2003.

Annual supplements have been signed between the Mainland and Hong Kong governments. The most recent, Supplement IV (often referred to as CEPA V), was signed June 29, 2007.

The two agreements and additional supplements were signed in the Chinese language; the Chinese text is therefore the authoritative text. The Hong Kong government generally provides a courtesy English translation.

In the "CEPA", the "Mainland" refers to the customs territory of China.

[edit] 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 :

  1. progressively reduce or eliminate tariffs and non-tariff barrier on substantially all the trade in goods between the two sides;
  2. progressively achieve liberalization of trade in services through reduction or elimination of substantially all discriminatory measures;
  3. promote trade and investment facilitation. "

[edit] See also

[edit] External links

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