CEPA liberalisation aids traditional industries

May 23, 2012

The Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA) service liberalisation measures have boosted the development of Hong Kong’s traditional industries, Financial Secretary John Tsang says.
 
Addressing a business forum today, Mr Tsang said Hong Kong’s industries will benefit from 47 liberalised service sectors under CEPA, involving 301 liberalisation measures.
 
He said the Mainland has provided many business opportunities for Hong Kong’s manufacturing and service sectors. By the end of April, more than 81,000 applications for Certificate of Hong Kong Origin under CEPA had been approved, with the total export value of the goods amounting to more than $40 billion.
 
Mr Tsang said by the end of March, tariff savings amounted to RMB2.8 billion.
 
The forum was held by the Hong Kong Government, the Ministry of Commerce and the Guangdong Government at the Central Government Offices, Tamar, to familiarise Hong Kong's industry and business sectors with service liberalisation measures under CEPA.
 
Mainland policies and implementation arrangements, as well as measures for early and pilot implementation in Guangdong, were introduced.
 
Vice-Minister of Commerce Jiang Yaoping and Guangdong Vice-Governor Zhao Yufang also spoke at the forum.