BIZCHINA / Biz Media Digest
Macroeconomy: China to extend economic pact with HK
(Dow Jones)
Updated: 2007-06-13 16:23
Mainland China will extend a trade pact with Hong Kong by signing
supplementary agreements to the Closer Economic Partnership Arrangement
at the end of June, the Ministry of Commerce said Wednesday.
Related readings:
CEPA boosts HK economy: study New economic goals outlined for CEPA
The fourth supplementary agreements will mainly cover the services
sector, including finance, insurance and broking, said Yao Shenhong, the
ministry's spokesman, in a press briefing.
China signed the first CEPA agreements with Hong Kong in 2003.
Supplementary agreements since then have strengthened the city's economic
cooperation with China.
Under CEPA, China has applied zero-tariff treatment to products
originating from Hong Kong, and granted Hong Kong-based companies greater
access to its domestic markets.
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