22 Aug 2017
Acronym in full: Closer Economic Partnership Arrangement
The Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) was first concluded by the Mainland of China and Hong Kong in June 2003. Between 2004 and 2015, 10 Supplements and two agreements (namely, the Agreement between the Mainland and Hong Kong on Achieving Basic Liberalisation of Trade in Services in Guangdong, and the Agreement on Trade in Services) were signed. In June 2017, the Mainland and Hong Kong signed the Investment Agreement and Agreement on Economic and Technical Cooperation to enhance CEPA in line with a modern and comprehensive free trade agreement, providing for promotion and protection of increasing investments between the two places, as well as fostering economic and technical cooperation and exploring new areas of co-operation.
Related section: CEPA
Related resource: Hong Kong Government CEPA information website
Related term: Free Trade Agreement