6 Feb 2014
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 liberalization 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 section: CEPA
Related resource: Hong Kong Government CEPA information website
Related term: Free Trade Agreement