| chinadaily.com.cn | |||||||||
|
|||||||||
|
HK 10 Years > From China Daily Newspaper |
|
An agreement in numbers Hong Kong signed the Closer Economic Partnership Agreement (CEPA) with the mainland in June 2003 to provide a new platform for economic cooperation between the two sides. After about three years, the agreement has achieved the following results: Since January 2006, goods originating in Hong Kong have faced no tariffs upon entering the mainland. The mainland has imported Hong Kong-made products worth $1 billion, and $91 million worth of tariffs have been waived. Service providers from more than 27 sectors in Hong Kong are allowed to enter the mainland market under preferential terms. In some areas, like legal and banking services, the preferential terms are more favorable than what China offers to fellow WTO members. Thirty-eight banks in Hong Kong operate RMB businesses and renminbi deposit accounts. Some 1,753 Hong Kong-based enterprises have invested in the mainland under the favorable terms offered by the CEPA. The terms include relaxed restrictions on shareholding and lower capital requirements for ventures registering over the long term. Ten professions have signed mutual recognition or exemption arrangements with their mainland counterparts. Some 1,400 architects were recently recognized by both sides. China Daily (China Daily 06/29/2007 page4) |
|
|||||
Copyright 1995-2007. All rights reserved. |
诏安县| 宜宾县| 安溪县| 榆树市| 甘孜| 洛川县| 临湘市| 高淳县| 米林县| 儋州市| 穆棱市| 镇巴县| 婺源县| 博客| 化州市| 集贤县| 措勤县| 瑞金市| 唐山市| 西峡县| 离岛区| 安徽省| 观塘区| 昆山市| 达州市| 健康| 郑州市| 马龙县| 运城市| 英山县| 福贡县| 宁武县| 苏州市| 平顶山市| 靖边县| 双鸭山市| 灵武市| 康保县| 友谊县| 寿宁县| 巴东县|