Chinese mainland, Hong Kong to sign 5th phase of CEPA 2008.Jul.27. Posted in China
The fifth phase of the Chinese mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) will be signed on July 29, Hong Kong Special Administrative Region (HKSAR) Chief Executive Donald Tsang said on Friday.
Speaking to reporters during his visit to northeast China’s Liaoning province Friday, Tsang said the CEPA package will cover measures specially devised for the implementation in Guangdong province, according to a press release from the Information Service Department of the HKSAR government.
Tsang led a business delegation consisting of more than 100 representatives of Hong Kong business circle beginning last week to Heilongjiang, Liaoning and Jilin provinces in northeast China to promote mutual investment and trade.
Praising their great potential and strengths in industry, agriculture and tourism, Tsang said the provinces’ strategic location also allows them to have advantages in doing business with Russia, Japan, the Republic of Korea and the Democratic People’s Republic of Korea.
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