三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  Home>News Center>China
       
 

Expanded CEPA lends strength to Hong Kong
By Dai Yan (China Daily)
Updated: 2004-08-28 00:08

The mainland and Hong Kong broadened their free trade pact on Friday, adding 713 types of goods to the zero-tariff list.

A further change allows Hong Kong companies to enter a variety of businesses ranging from insurance sales and media marketing.

An Min, vice-minister of commerce and Henry Tang, financial secretary of Hong Kong Special Administration Region (SAR), signed the expanded agreement for Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) in Beijing after five high-level meetings that have taken place following the signing of the CEPA in June last year.


An Min(R), vice-minister of commerce shakes hands with Henry Tang, financial secretary of Hong Kong Special Administration Region (SAR) at the signing ceremony. [newsphoto]

Under the expanded deal, tariffs will be exempted on 529 goods currently being produced by Hong Kong manufacturers. Another 184 goods that are not now made here will be included, so that interested companies might discover their potential and start making them.

"Now nearly all goods produced in Hong Kong will enjoy zero tariffs," An said.

In the services area, the central government agreed to grant preferential treatment to Hong Kong companies in eight more industries, including patent and trademark agencies, airport services, entertainment, information technology, job agencies and certification.

Beijing also granted Hong Kong firms broader access to mainland markets in 11 out of 18 service sectors already enjoying preferential treatment, including accounting, medical and legal services, and car dealerships.

The deal will allow Hong Kong companies to sell books, newspapers, magazines, medicine, and agricultural chemicals in China. Hong Kong companies will be allowed to build and operate cinemas to screen movies in the mainland.

Hong Kong business people will be able to set up their own companies to sell oil products, both retail and wholesale.

Beijing had previously agreed to eliminate tariffs on 374 Hong Kong goods starting in January and to open 18 service sectors to Hong Kong companies.

The expanded CEPA will be effective from the beginning of next year.

An said the expanded agreement was mostly made on more than 700 suggestions from the Hong Kong business sector -- including an increase in tariff-free products and markets on the mainland for service providers.

CEPA is a living agreement, and new measures can be added each year according to the needs of the business sector.

"The central government and the Hong Kong SAR government will continue to pursue further liberalization on goods and services in the latter phases under CEPA through established liaison mechanisms," Tang said.

Prominent business figures in Hong Kong are calling for bolder measures from the central government under the CEPA framework in a bid to buoy up Hong Kong's economy.

Both An and Tang say they believed the pact will improve Hong Kong's economy.

An said that Hong Kong's unemployment rate has dipped by 2 percentage points, and the index of Hong Kong stock market has surged by 50 per cent since the CEPA was implemented.

"We cannot say that those are all driven by the CEPA, but we can say the CEPA contributed some of the confidence to Hong Kong's economy," An said.

Tang said Hong Kong's economic figures could give a glimpse of the improving environment.

The Hong Kong SAR government said Friday afternoon that its GDP rose 12.1 per cent in the second quarter of 2004 on a seasonally adjusted basis from a year earlier, bettering forecasts of an 11 per cent increase.

The government also revised upwards the full-year economic growth target to 7.5 per cent from the initial 6 per cent.

The numbers are quite strong, better than expected. This implies a rebound in domestic demand including consumption, investments and strong trade.

Hong Kong analysts expected the expansion of the scope of products' eligible for CEPA zero-tariff treatment will lead to an inflow of investments in Hong Kong.

An also said the central government is preparing to streamline administrative procedures for private businesses' investment in Hong Kong.

An said he thought that the CEPA would not have much of an impact on the mainland market.

Official statistics indicate that, by the end of July, goods worth HK$500 million (US$64 million) were exported to the mainland on a zero-tariff basis, An said.

Most of the deals involved textiles, pharmaceuticals, electronics and plastic products. The 713 new kinds of products with zero tariffs include food, cosmetics, watches and jewellery.



 
  Today's Top News     Top China News
 

Brave Liu Xiang did it! Chinese fans jubilant

 

   
 

Expanded CEPA lends strength to Hong Kong

 

   
 

Olympics enchant, please Chinese

 

   
 

Cat Garfield triggers copyright disputes

 

   
 

China to launch campaign on IPR protection

 

   
 

Pay-TV in the pipeline

 

   
  China-Australia military cooperation active
   
  China to launch campaign on IPR protection
   
  Airlines eyes northwest, Central Asia
   
  Expanded CEPA lends strength to Hong Kong
   
  Pay-TV in the pipeline
   
  Cat Garfield triggers copyright disputes
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 中文字幕亚洲第一 | 国产免费精彩视频 | 999久爱视频在线观看 | 日本xxx高清免费视频 | 免费久久一级欧美特大黄 | 国产偷国产偷亚洲高清在线 | 欧美黄色三级 | 国产一级特黄生活片 | 国产一二三四区在线观看 | 欧美男女激情 | 麻豆传媒在线免费 | 国产美女福利视频 | 青草娱乐极品免费视频 | www日本黄色 | 久久有这有精品在线观看 | 亚洲美女操 | 香蕉在线精品视频在线观看2 | 色婷婷激婷婷深爱五月老司机 | 国产日韩欧美综合 | 欧美成人免费全部观看在线看 | 免费黄色的视频 | 青青草国产青春综合久久 | 亚洲一区二区三区久久久久 | 亚洲欧美另类自拍第一页 | 久久夜色精品国产亚洲 | 激情综合色五月丁香六月亚洲 | 久青草国产高清在线视频 | 欧美做爱毛片 | 亚洲欧美综合一区 | 国产在线一区二区三区 | 婷婷成人亚洲 | 午夜在线社区视频 | 欧美日本一区亚洲欧美一区 | 日韩欧美一级大片 | 亚洲一级黄色大片 | 天天狠天天透天干天天怕处 | 国产特级黄色片 | 国产高清在线精品免费不卡 | 国产原创自拍 | 国产1区| 国产精品久久久天天影视香蕉 |