Mainland and Hong Kong Closer Economic Partnership Arrangement

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
Transcriptions Mandarin - Hanyu Pinyin nèidì yú Xiānggǎng guānyú jiànlì gèng jǐnmì jìngmào guānxì de ānpái ( Pronunciation (help·info)) Cantonese (Yue) - Jyutping noi6 dei6 jyu3 hoeng1 gong2 gwaan1 jyu1 gin3 laap6 geng3 gen2 mat6 ging1 mou6 gwaan1 hai6 dik1 on1 paai4
Closer Economic Partnership Arrangement
Traditional Chinese	更緊密經貿關係
Simplified Chinese	更紧密经贸关系
Transcriptions Mandarin - Hanyu Pinyin gèng jǐnmì jìngmào guānxì Cantonese (Yue) - Jyutping geng3 gen2 mat6 ging1 mou6 gwaan1 hai6

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 29 June 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 18 October 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 29 June 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, as English is one of the official languages of Hong Kong.

In the full name of "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 :

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. "

See also

• Economy of the People's Republic of China
• Economy of Hong Kong
• Economy of Macau
• Mainland and Macau Closer Economic Partnership Arrangement
• Special administrative region
• Economic Cooperation Framework Agreement
• Trade bloc

External links

• Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)
• Origins: http://www.chamber.org.hk/info/the_bulletin/april2002/cepa.asp
• Analysis of original document: http://www.chamber.org.hk/info/the_bulletin/aug2003/cepaservices.asp