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  CEPA
 
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Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)

Summary of Trade and Investment Facilitation

Both sides agree on promoting co-operation in the following nine areas -

Area

Strengthened Cooperation

Customs Clearance Facilitation

Establish a customs information exchange system between the two sides. Explore the feasibility of data networking and the development of electronic customs clearance at control points. Strengthen the risk management ability of the two sides and enhance efficiency in customs clearance through technical cooperation.

Quarantine and Inspection of Commodities, Quality Assurance and Food Safety

Strengthen cooperation of the two sides in the inspection and monitoring of electrical and mechanical products, sanitary and phytosanitary measures, food safety, health and quarantine supervision, product certification and accreditation, and standardisation management, etc.

Cooperation of Small and Medium-Sized Enterprises (SMEs)

Strengthen information exchange between SMEs of the two sides. Organize exchanges and visits between SMEs of the two sides. Explore jointly the strategy and support policy to assist the development of SMEs of the two sides.

Cooperation in Chinese Medicine and Medical Products

Strengthen information sharing between the two sides in regulation formulation, development strategy and direction of development, etc. for Chinese medicine and medical products. Foster the competitive edge of each side. Promote jointly the commercialisation of Chinese medicine and medical products and make advancement in the international market.

Electronic Commerce

Strengthen cooperation of the two sides in the research and formulation of rules, standards and regulations of electronic commerce; in the corporate use, promotion and training, etc. of electronic commerce; and in electronic government.

Trade and Investment Promotion

Strengthen mutual trade and investment promotion between the two sides. Cooperate in the joint development of international markets for commodities and engineering works.

Transparency in Laws and Regulations

The Mainland notes that Hong Kong has built up transparency of laws and regulations on a good foundation, and the Mainland is also actively fulfilling its WTO commitments. The two sides shall strengthen cooperation and strive to provide information to their commercial and industrial enterprises with a view to promoting bilateral economic and trade flow.

Protection of Intellectual Property Enhance cooperation in the area of intellectual property protection through the cooperation mechanism between relevant government departments of the two sides, and exchange and communicate information relating to intellectual property protection.

Cooperation on Branding

Strengthen cooperation in the area of branding through setting up a working group for strengthened cooperation, information exchange in respect of protection of brands and enhanced promotion of brands.

July 2008

 

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Last revision date: 05 August 2008