Hong Kong company Wing Li Holdings Limited exported 235,212 HK dollars (30,155 US dollars)  worth of CD Recordable with zero tariff to the Chinese mainland  via Huanggang checkpoint Wednesday.

It was the first batch of made-in-Hong Kong goods with zero  tariff to the mainland under the Mainland/Hong Kong Closer  Economic Partnership Agreement (CEPA) which came into effect on  Jan. 1.

The zero tariff arrangement saved Wing Li about 12,000 HK  dollars (1,538 US dollars) from tariff.

Commenting on this historic shipment under CEPA, Chief  Executive Officer of the Hong Kong General Chamber of Commerce  Eden Woon said he expected more companies would follow suit to  take the advantage of CEPA.

CEPA, signed on June 29 by the central government and the Hong  Kong Special Administrative Region government, covered areas of  trade in goods, trade in services and trade and investment  facilitation.

On trade in goods, as of Jan. 1, 2004, goods of Hong Kong  origin under 273 tariff items enjoy zero tariff treatment when  coming into the mainland. Zero tariffs will apply to other goods  of Hong Kong origin no later than Jan. 1, 2006.

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