Cepa Investment Agreement

April 8, 2021

The services agreement refers to the framework of the agreement between the mainland and Hong Kong, signed in December 2014 on the achievement of the fundamental liberalization of services trade in Guangdong (the Guangdong Agreement), which includes and consolidates obligations related to the liberalization of trade in services under the EPA and its complements, as well as the Guangdong Agreement, which becomes an autonomous subsidiary agreement on trade in services under the EPA. On June 28, 2017, the mainland and Hong Kong signed the investment agreement to improve the EPA by extending market access obligations to non-service-related sectors and introducing investment protection commitments. The investment agreement ensures the stability of both parties` investment systems, which promotes investor confidence and investment liberalization and facilitation. The investment agreement has been in place since 1 January 2018. The agreement on closer economic partnerships on the mainland and hong Kong, short for CEPA, is an economic law agreement between the Government of the Hong Kong Special Administrative Region and the Central Government of the People`s Republic of China, signed on 29 June 2003. [1] A similar agreement, known as the Closer Economic Partnership Agreement on the mainland and in Macau, was signed on 18 October 2003 between the Government of the Macao Special Administrative Region and the Central Government of the People. The EPA is a free trade agreement that gives Hong Kong products, businesses and residents preferential access to mainland China. Many of the preferences exceed the concessions made by China after its accession to the World Trade Organization. Under a new trade liberalization agreement, Hong Kong businesses now have greater access to Guangdong and greater freedom to act in that country.

For more details on amending the service agreement, visit the commerce and industry department`s corresponding website: (www.tid.gov.hk/english/cepa/legaltext/cepa18.html) The investment agreement is the first investment agreement adopted by the continent with pre-constitution national treatment commitments, concluded as part of the negative list approach to regulating foreign investment. The Closer Economic Partnership Agreement on the mainland and in Hong Kong is an economic agreement between the Hong Kong government and the central government of the People`s Republic of China.

Cepa Investment Agreement · April 8, 2021 · 3:12 pm
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