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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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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