| About
new regulations on the further liberalization of trade under CEPA |
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| China
and Hong Kong has agreed on the further liberalization of trade under
CEPA recently. From Jan 1, 2005, an additional 713 items of Hong Kong
origin products in the second stage will be subjected to zero import
tax. Together with the existing 374 items which already enjoy zero
tariffs from 1 January this year, there will be a total of 1087 items
of Hong Kong origin products enjoying zero import tariffs in China.
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| Based
on the Annex 4 of CEPA "Specific Commitments on Liberalization
of Trade in Services" agreed on 29 September last year, China
will further relax the entry regulations of Hong Kong services and
Hong Kong service providers of 11 industries in legal, accounting,
medical, audiovisual, construction, distribution, banking, securities,
transportation, freight forwarding and individually owned stores.
China also agreed on loosening entry restrictions on the following
8 industries: patent agency, trademark agency, airport services, cultural
entertainment, information technology, job referral agency, job intermediary
and professional qualification examinations.
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