Supplementary agreement to CEPA signed
Source: Xinhua |
June 30, 2012, Saturday
|
Print Edition
Print Edition
THE Chinese mainland and Hong Kong yesterday inked a supplementary agreement to their existing economic pact, pledging to further open the services sector to each other and consolidate trade and economic ties.
The ninth supplement to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) provides for a total of 43 measures for services liberalization and trade and investment facilitation, covering 22 service sectors such as education, medical treatment, banking, brokerage and tourism.
The new supplement, which will take effect from January, is also aimed at promoting mutual recognition of professional qualifications in Hong Kong and the mainland.
The new agreement will add the number of open-up service sectors to 48, which will give a big boost to Hong Kong's economy as the service sector contributed to more than 90 percent of the city's annual economic output.
CEPA, signed on June 29, 2003, aimed to forge closer ties between Hong Kong and the mainland.
The ninth supplement to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) provides for a total of 43 measures for services liberalization and trade and investment facilitation, covering 22 service sectors such as education, medical treatment, banking, brokerage and tourism.
The new supplement, which will take effect from January, is also aimed at promoting mutual recognition of professional qualifications in Hong Kong and the mainland.
The new agreement will add the number of open-up service sectors to 48, which will give a big boost to Hong Kong's economy as the service sector contributed to more than 90 percent of the city's annual economic output.
CEPA, signed on June 29, 2003, aimed to forge closer ties between Hong Kong and the mainland.
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