CEPA gives HK exports to mainland a big lift

This year marks the 21st anniversary of the signing of the Closer Economic Partnership Arrangement (CEPA) between the Hong Kong Special Administrative Region and the Chinese mainland. The partnership has boosted the value of exports of Hong Kong products to the mainland by more than six-fold so far with zero tariffs – from 860 million yuan ($118.5 million) to 6.11 billion yuan – benefiting nearly 9,000 types of Hong Kong-made products, according to Shenzhen authorities. In value terms, Shenzhen Customs processed nearly half of the goods the SAR exported to the mainland under the CEPA, ranking first nationwide.