Room 602, 6/F., Taurus Building

21A/B Granville Road, Tsimshatsui, Hong Kong

 Tel: (852)27399698  Fax: (852)27399313

Email: vc@vcpa.com.hk

  Certified  Public  Accountants (Practising)


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Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)

After a long discussion process, Hong Kong and the Chinese mainland signed the Closer Economic Partnership Arrangement (CEPA) on June 29. The CEPA covers three broad areas:

-          Trade in goods,

-          Trade in services, and

-          Trade and investment facilitation.

On trade in goods, the Mainland has agreed to apply zero import tariff from January 1, 2004 for exports from Hong Kong meeting the CEPA rules of origin requirement in some 270 Mainland product codes.

The Mainland has also agreed to apply zero import tariff no later than January 1, 2006 upon applications by local manufacturers for other codes maintained on China's tariff system and meeting the CEPA rules of origin. (Details)

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K. Y. Chan & Co. is a registered firm of the Hong Kong Institute of Certified Public Accountants

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| Firm profile | Services | Newsletters | Tax deadlines |

| Tax questions | Other links | Contact us |

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K. Y. CHAN & CO.

Room 602, 6/F., Taurus Building

21A/B Granville Road

Tsimshatsui

Hong Kong

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Tel: (852)27399698

Tel: (852)27399313

Email: vc@vcpa.com.hk

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