Hong Kong has recently concluded an economic agreement with Mainland China. The agreement is called Closer Economic Partnership Arrangement or CEPA. This agreement facilitates access of Hong Kong’s manufacturers and suppliers of products and services to the huge Chinese market.
Good Economic Times Ahead Between Hong Kong and China
Under the CEPA, the Chinese government is committed to simplifying procedures and strengthening cooperation with Hong Kong on customs clearances, quarantine and inspection, quality assurance and food safety and to facilitate investment. Continue reading