China Financial Daily

June 24, 2009

Some of the goods under the CEPA zero-tariff

Filed under: Financial News — Tags: — lily @ 1:25 pm -0700

Some of the goods under the CEPA zero-tariff
Ministry of Finance issued a circular yesterday, from the July 1 start of origin under CEPA in Hong Kong, China, part of Macao’s zero-tariff goods.

Notice that the implementation of zero tariff commodities and 28 Hong Kong 475 Macao products was completed in the first half of this year the approval of origin criteria, mainly related to food, beverages, pharmaceuticals, textiles and daily necessities, such as.

It is understood that the Chinese Ministry of Commerce in 2003, with Hong Kong and Macao signed the “Closer Economic Partnership Arrangement” (CEPA). Under the CEPA agreement, the Chinese government since January 1, 2004, the stages for the origin of Hong Kong and Macao to implement zero tariff imports. From January 1, 2006 onwards, as long as it is in Hong Kong, Macau manufacturers submit their applications and in line with the set by the two sides under the CEPA rules of origin, originating in China’s imports of goods between the two places has the full implementation of zero tariff, the basic to achieve the liberalization of trade in goods.

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