FTZ to forge closer ties urged for Chinese mainland, HK and Macao

2021-11-25 19:25:41China Daily Editor : Zhang Mingxin ECNS App Download

China's commerce ministry raised the idea of building a specialized pilot free trade zone (FTZ) consisting of the Chinese mainland, Hong Kong, and Macao to deepen opening-up and cooperation as outlined in the 14th Five-Year Plan for Commerce Development, which was released in July.

The FTZ will be constructed based on the improvement of the Closer Economic Partnership Arrangement (CEPA) system among the Chinese mainland, Hong Kong and Macao.

The Hong Kong-Macao CEPA, the first free trade agreement between Hong Kong and Macao, was signed in October 2017.

The Chinese mainland signed separate CEPAs with Hong Kong and Macao, in June and October 2003, respectively, to forge closer ties. The CEPAs have been updated since then.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2021 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]