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Glossary: CEPA


Photo: CEPA
Photo: CEPA

Acronym in full: Closer Economic Partnership Arrangement

The Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) is a free trade agreement concluded by the Mainland of China and Hong Kong in June 2003. CEPA adopts a building block approach, and the two sides have been working closely to introduce further liberalisation measures continually. Between 2004 and 2013, 10 supplements were signed. Effective January 2014, 1,757 Hong Kong-origin products exporting to the Mainland can enjoy zero tariffs. Also, CEPA opens up 50 service sectors to Hong Kong companies.


Related country and region: China, Hong Kong

Related section: CEPA 

Related resource: Hong Kong Government CEPA information website

Related term: Free Trade Agreement




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