Guangdong, Hong Kong and Macao to achieve free trade in Guan

Macao back 15 years on the eve of the mainland and Hongkong, Macao, on the establishment of closer economic relations and trade arrangements (hereinafter referred to as “ CEPA”; —; — after 11 supplementary agreements, a breakthrough in the service sector, the trade liberalization of Hong Kong and Macao to achieve free docking Guangdong Free Trade Zone, Hong Kong and Macao to achieve full integration.

December 21st morning, Gao Yan in Hongkong and the Hongkong SAR Government Financial Secretary Ceng Junhua signed the mainland and Hongkong CEPA on the mainland in Guangdong and Hongkong, the basic realization of trade liberalization agreement. Subsequently, Gao Yan and rushed to the Macao, and the Macao special economic and financial secretary Tan Boyuan signed the "mainland and Macao CEPA on the mainland in Guangdong and Macao basic services trade liberalization agreement". Two "agreement" will be officially implemented in March 1, 2015. It is worth paying attention to, these two "agreement" is the first time in the mainland to the entry of the national treatment plus a negative list of free trade agreements signed. Through this arrangement, Guangdong and Hongkong, Macao, will be in the next year to achieve the full liberalization of trade in goods, services trade.

Mainland in Guangdong and Hongkong services trade liberalization
  • Open up to 153;
  • In the use of the negative list of the 134 departments, the retention of the restrictive measures of a total of 132;
  • The total number of services involved in the World Trade Organization 95.6%, 58 of which 160 departments to be fully realized the national treatment;
  • Adopt a positive list of 27 open measures to expand the opening of the sector, including individual industrial and commercial households in the new open industry 84, a total of 130 open industry.
  • Mainland in Guangdong and Macao services trade liberalization
  • Open department will reach 153;
  • In the use of the negative list of the 134 departments, the retention of the restrictive measures of a total of 132;
  • The total number of services involved in the World Trade Organization 95.6%, 58 of which 160 departments to be fully realized the national treatment;
  • Adopt a positive list of 24 open measures to expand the opening of the sector, including individual industrial and commercial households in the new open industry 84, a total of 130 open industry.

The agreement on the establishment of closer economic and trade arrangements, which means that in the process of promoting foreign negotiations, China needs a new battlefield for local testing. The opening of the service industry has been opened in Guangdong, Macao,, which has a close relationship with Hongkong. Guangdong free trade zone will become new battleground state test, which lasted 11 years of Guangdong, Hong Kong and Macao fully open, Guangdong, Hong Kong and Macao service trade will achieve freedom docking Guangdong free trade zone.

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