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Economic partnership scheme boosts trade between Chinese mainland,
Hong Kong |
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16:14, July 07, 2007 |
The Chinese mainland has become an easily-accessible, huge market for goods made in Hong Kong under their closer economic partnership arrangement, or CEPA, which was launched in 2004.
Sources with the General Administration of Customs said on Saturday that by May 31, 2007, the mainland had imported 1.07 billion U.S. dollars worth of goods from the special administrative region, with tariff exemption valued at 770 million yuan (101.3 million U.S. dollars).
The total import volume included 130 million U.S. dollars in 2004, 280 million U.S. dollars in 2005 and 440 million U.S. dollars in 2006.
Goods made in Hong Kong have been imported under CEPA via 23 ports on the mainland, and have been sold to major industrial production and consumption cities.
Source: Xinhua
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