On 27 August 2004, China and the government of Hong Kong Special Administrative Region reached an agreement to further liberalize trade between the two regions under the second phase of the Mainland and Hong Kong Closer Economic Partnership Arrangement CEPA II. This builds on the existing Mainland and Hong Kong Economic Partnership Arrangement which was signed on 29 June 2003 CEPA I. CEPA II covers
- trade in goods and
- trade in services.
1. TRADE IN GOODS
1.1 Tariff Elimination
Under CEPA II, the Mainland will allow 713 categories of products...