World Trade Organization
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Last revision date: 23/07/2024
Closer Economic Partnership Arrangement
The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is a free-trade pact between Mainland China and the Hong Kong Special Administrative Region. Signed in 2003 and enhanced on an ongoing basis, CEPA is a modern and comprehensive free trade accord, covering four major areas: trade in goods, trade in services, investment, and economic and technical co-operation.
CEPA brings business opportunities to the Mainland, Hong Kong and foreign investors. It provides Hong Kong businesses with first-mover advantages in relation to access to the Mainland market. CEPA also enhances Hong Kong’s attractiveness for Mainland businesses “going out” to global markets.
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Closer Economic Partnership Arrangement
Last revision date: 23/07/2024
Free Trade Agreements
Hong Kong is a longstanding supporter of trade and investment liberalisation and the multi-lateral rules based system and a founding member of the World Trade Organization. As a rule-based, free and open economy, Hong Kong offers a level-playing field for all companies to compete and do business.
- Hong Kong has been actively seeking to expand its free trade agreement (FTA) network to secure favourable conditions for Hong Kong’s goods and services to enter more international markets.
- So far, Hong Kong has signed nine FTAs with 21 economies. In addition to CEPA, Hong Kong has signed FTAs with 13 of the 15 Regional Comprehensive Economic Partnership (RCEP) members.
- Hong Kong is well placed to join the RCEP, the largest FTA globally. The city has submitted a formal accession request, and has proactively seeking to join the RCEP as soon as practicable.
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Trade and Investment Agreements
Last revision date: 20/11/2024
Press Releases
