Regular supplements have been signed between the Mainland and Hong Kong governments, including Supplement VIII (also referred to as CEPA VIII), which was signed on 13 December 2011 and implemented from 1 April 2012.[3]The most recent supplement, Supplement X, was signed on 29 August 2013.[4]
The two agreements and additional supplements were signed in theChinese language;the Chinese text is therefore the authoritative text. The Hong Kong government generally provides a courtesyEnglishtranslation, as English is one of theofficial languagesof Hong Kong.[1]
In the full name of "CEPA", the "Mainland"refers to the customs territory of the People's Republic of China.
CEPA is a free trade agreement pursuant to which qualifying products, companies and residents of Hong Kong enjoy preferential access to the mainland Chinese market. Many of the preferences surpass the concessions made by China upon its accession to theWorld Trade Organization.
The CEPA document identifies the following objectives:
"To strengthentradeandinvestmentcooperation between Mainland China and Hong Kong and promote joint development of the two sides, through the implementation of the following measures:
progressively reduce or eliminatetariffsandnon-tariff barrierson substantially all the trade in goods between the two sides;
progressively achieve liberalization of trade in services through reduction or elimination of substantially all discriminatory measures;
^Chan, Fung (2020). "The Guangdong–Hong Kong–Macao Greater Bay Area: Enhancing collaborative governance of the CEPA implementation and regional integration".China: An International Journal.18(1): 171–191.doi:10.1353/chn.2020.0011.
