Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)
Economic and Technical Cooperation
The Agreement on Economic and Technical Cooperation (Ecotech Agreement) was signed on 28 June 2017 between the Mainland and Hong Kong to consolidate and update the economic and technical cooperation activities set out in CEPA and its Supplements to cater for the trend and needs for the development of Hong Kong and the Mainland. It also strengthens the basis of and sets the direction for closer cooperation between the two places in future. The Ecotech Agreement incorporates the cooperation in the economic and trade aspects of the "Belt and Road" Initiative and Sub-regional Cooperation into the systemic framework of CEPA, thereby providing Hong Kong businesses with good opportunities for participation in the national development strategies.
Areas of Cooperation
Both sides agreed to enhance cooperation in 22 areas to support the development and cooperation, as well as to facilitate and promote trade and investment between the two places.