What are the contents of CEPA?
First, CEPA provides for the elimination of the tariff on 273 types of Hong Kong made goods to be exported to the Mainland of China with effect on 1 January 2004. Second, CEPA provides for the opening up of 18 service sectors in the Mainland to Hong Kong service providers ahead of the timetable China commits to the WTO member countries and regions. Third, Annex 6 of the CEPA also provides for a framework for trade and investment facilitation between the two sides.