CEPA supplement signed
June 29, 2012
The Hong Kong and Central Governments have reached agreement on the enhancement of economic and trade co-operation under the Closer Economic Partnership Arrangement.
Witnessed by Chief Executive Donald Tsang, State Councillor Liu Yandong, Hong Kong & Macau Affairs Office Director Wang Guangya, and Director of the Liaison Office Peng Qinghua, Supplement IX to CEPA was signed today by Financial Secretary John Tsang, and Vice-Minister of Commerce Jiang Yaoping.
Mr Tsang said the signing shows the huge support of the Central Government for Hong Kong’s economic development.
The supplement provides 43 services liberalisation and trade and investment facilitation measures, including 37 liberalisation measures in 22 service sectors. It strengthens co-operation in finance, trade and investment facilitation, and further promotes the mutual recognition of professional qualifications.
Under the supplement, Hong Kong construction professionals who have obtained Mainland qualifications are recognised as registered practitioners for the purpose of declaration of engineering enterprise qualifications within Guangdong.
On tourism, it allows Hong Kong travel agents established on a wholly-owned or joint-venture basis on the Mainland to apply to run group tours to Hong Kong and Macau.
All measures relating to the liberalisation of trade in services will take effect from January 1.