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June 24, 2009

Ministry of Finance: starting next month on the part of the goods under the CEPA zero-tariff

Filed under: Financial News — Tags: — lily @ 8:04 am -0700

Ministry of Finance: starting next month on the part of the goods under the CEPA zero-tariff
According to the Ministry of Finance website, the mainland of China will this year from July 1, respectively, originating from China, Hong Kong, Macao, and has completed a standard approved by the origin of 28 of Hong Kong goods, 475 the implementation of zero tariff commodities Macau.

It is reported that in June 2003, the Mainland and Hong Kong signed the “Closer Economic Partnership Arrangement” (CEPA). Since then, the Mainland and Hong Kong signed six supplementary agreement, in goods, trade in services and trade and investment facilitation of the three main areas of preferential arrangements made in Hong Kong. As far as I know, CEPA is a separate customs territory with its main Chinese signed between Hong Kong and free trade agreement is signed by the Mainland, and completed the full implementation of the WTO to consider the first free trade agreement.

The full text of notice:

Tariff Policy Commission of the State Council on the second half of 2009

On the part of the goods under the CEPA zero-tariff notification

Tax Authority [2009] 5

General Administration of Customs:

Since July 1, 2009 onwards, respectively, originating in China, Hong Kong, Macao, and has completed a standard approved by the origin of 28 of Hong Kong goods, 475 the implementation of zero tariff commodities Macau.

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