HK gets wider access to mainland By Qin Jize, Zhang Jin and Lilian Liu (China Daily) Updated: 2006-06-30 08:32
The mainland expanded the scope of its free trade pact with the special
administrative region yesterday, further liberalizing trade in goods and
services and boosting co-operation in the protection of intellectual property
rights and information sharing.
The agreement builds on the previous
phases of CEPA, the Closer Economic Partnership Arrangement signed in 2003, and
is seen by local media as a gift from the central government to Hong Kong on the
deal's third anniversary.
The new measures, announced at the
Mainland, Hong Kong & Macao Trade & Economic Co-operation Forum
yesterday in Hong Kong, will grant the SAR greater access to the mainland market
in 10 areas starting next year, and cover legal services, construction-related
consulting, tourism and air transport.
Besides, there are also
agreements on information technology, conventions and exhibitions, audiovisual
products, distribution, road transport and individually-owned stores.
Announcing the details, Hong Kong Chief Executive Donald Tsang said the
mainland will waive import tariffs on a broader range of Hong Kong goods from
Saturday including aquatic, electronic and food products.
Jia Qinglin,
the visiting top political adviser to the central government, told the forum
that implementation of the new measures would be sure to generate greater
economic development in the three regions. He said the central government is
also considering widening renminbi business in the two SARs to boost their role
as important regional and global financial hubs.
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