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CHINESE MAINLAND, HK VOW TO FORGE CLOSER ECONOMIC TIES.
Publication: AsiaPulse News Publication Date: 30-JUN-03 |
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COPYRIGHT 2003 Asia Pulse Pty Ltd
BEIJING, June 30 Asia Pulse - The Chinese mainland and the Hong Kong Special Administrative Region (SAR) signed an agreement in Hong Kong on June 29 to forge closer economic ties aimed at promoting bilateral trade and economic relations.
The Closer Economic Partnership Arrangement (CEPA) also aims at enhancing trade and economic cooperation between China's mainland, Hong Kong and other countries and regions around the world.
The CEPA covers three areas, namely commodities trade, services trade and trade and investment facilitation.
Its basic objectives are to phase out tariffs and non-tariff barriers on trade in commodities, phase in the liberalization of trade in services and reduce and eliminate...
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