cepa read
cepa closer economic and trade arrangements (closer economic partnership arrangement, referred to cepa), by the central government and the hong kong sar government in the june 29, 2003 formally signed. its main contents include three aspects: (1) the two to achieve zero tariffs on trade in goods (2) to expand market access for trade in services, (3) trade and investment facilitation. namely: from january 1, 2004, 273 mainland product codes covered in hong kong (involving food, medicine, textiles, electronics, etc.), in line with rules of origin to enter the mainland, they can feast zero custom preferential treatment to hong kong to expand services trade market access, including the industry such as management consulting services, exhibition services, advertising services, accounting services, construction and real estate, medical and dental, distribution services, logistics, a seven departments; on investment facilitation, the mainland will be provided e-commerce and customs clearance in seven areas such as the simplification of procedures for hong kong funds more freedom to enter the mainland. cepa the signing of the mainland and hong kong's economic and trade ties more closely, it indicates that china's accession to the wto hong kong and the mainland's economic relations historic changes.
cepa a free trade agreement in nature, is the main countries of china and its special administrative region signed the free trade agreement, the nature of the economic and trade arrangements, with the obvious characteristics of a free trade zone. from a macro point of view, cepa is the basic objective: the phasing out of trade in goods tariff and non-tariff barriers, progressive realization of liberalization of trade in services and promote trade and investment facilitation, enhancing the mainland and hong kong, macao economic and trade cooperation.
cepa the signing of the mainland and hong kong's economic and trade ties more closely, it indicates that china's accession to the wto hong kong and the mainland's economic relations historic changes. china signed cepa economic integration is an important part of the strategy is to build the motherland's mainland, hong kong, macao, taiwan's greater china economic circle starting point, substantive regional economic cooperation is the first step in its pursuit of the interests of long-term, the impact will be extensive and profound.
cepa impact on taiwan's
as we all know, hong kong has long been in the cross-strait relations, especially in cross-strait economic and trade relations play an irreplaceable role of bridge and tie, the development of relations between taiwan and hong kong on taiwan's economy has decisive influence. this is the only taiwan-hong kong route warm extent it is evident. hong kong's external economic relations of any changes to taiwan's economy will have a continuing and important impact. not to mention the economic development of hong kong will have a major impact on the cepa.
cepa impact on the surface, it will lead to the implementation of taiwan to hong kong's investment to accelerate. 2003 taiwan to hong kong a total investment of 640 million u.s. dollars, compared with a year earlier jumped 283.86 percent, the de facto investment significantly concentrated in december last year. the same month the amount of taiwan investment brush out hong kong has a massive 562 million u.s. dollars. in cepa attracted, there will be more taiwan enterprises to invest in hong kong to speed up development and investment projects will be mainly to the financial and insurance industry, followed by electrical and electronic products manufacturing industry, the objective is the name of hong kong companies preferential access to cepa, speed up into the mainland.
to the financial industry as an example, in cepa attract, taiwan's financial services industry will speed up the development to invest in hong kong. according to taiwan's business times reported that hua nan bank is the first company to set up branches in hong kong into a joint venture banks, branches from the september 1993 opening date more than 10 years, business has been developing steadily. in recent years, the taiwan-funded banks set up branches in hong kong has risen to 13 radical. as hong kong near the mainland, taiwan businessmen, cross-strait trade and investment also continued to warm, so, despite the intense competition among industry, but the related investment is still strong, especially in the financial services sector cepa the terms of the joint-venture investment bank in hong kong more the attractive, more conducive to its use hong kong to the mainland to speed up cepa concessions.
in addition, cepa of zero tariff measures, coupled with financial flexibility and convenience, taiwan and overseas will attract more smes in hong kong investment or cooperation. taiwan businessmen to invest in hong kong, according to cepa with other hong kong companies in the same conditions more easily and thus can enjoy the preferential arrangements, including zero tariff. some taiwan businessmen have said that taiwanese investment in the future, the development of high value-added industries, may consider using hong kong as a manufacturing base, exports to the mainland to enjoy the zero tariff concessions. Jacques Lemans F1 Watches in particular, to set up factories in mainland china, production of raw materials or semi-finished products from taiwan, the taiwan-funded enterprises in the production of light industry products, such as the production of watches and clocks, toys, cosmetics, small appliances, and other taiwan businessmen, through the capital to the hong kong mobile or jiedao origin of taiwan's evolution into a country of origin of hong kong and then to hong kong products duty-free exports of mainland china, ahead of the mainland market opening up, and enjoy the benefits of accession to the wto. such as the so-called taiwan's shoe king yue yuen industrial company announced that, considering most of the automated manufacturing business transferred to the hong kong production.
cepa the deep impact will promote the formation of the greater china economic circle.
taiwan cepa
short term economic impact is reflected mainly in the service industry, part of the future of taiwan businessmen will enter hong kong as a springboard for the mainland services market. on the medium and long term, the mainland and hong kong signed cepa, and speed up the consultative and similar arrangements in macau, will greatly increase the mainland, hong kong, macao and the integration of integration, in turn formed the greater china economic circle, and its impact on neighbouring countries will gradually expand. if taiwan can not be in the process of positioning and a reasonable opportunity to participate in the economy will gradually been marginalized.
first, cepa chinese economic circle will strengthen the economic influence and radiation, to stay aloof from taiwan. now the world economy first, the prominent characteristics of economic globalization, the regional grouping. almost all the world's least developed countries have to integrate into the torrent of this. china's participation in regional economic cooperation, the most viable option is to establish greater china free trade circle, which is the mainland, hong kong, macao and taiwan into the largest free trade zone. with the signing of the mainland and hong kong cepa, the mainland and macao cepa consultations have been drawing to a close, the mainland and hong kong and macao in economic, gradually integrating with the surrounding region's economic influence is bound to enhance the role and radiation. to the radiation center for economic integration process is gradually being launched. hong kong and macao through cepa succeeded in the development of the mainland's vast hinterland. with the interests of hong kong and macao gain increasing significantly, taiwan will not be able to evade the chinese economic circle of the island's economy.
secondly, cepa will affect taiwan businessmen in taiwan, the economic division Movado Watches of labor pattern. for a long time taiwan's exports to the mainland to hong kong as re-exports, and taiwan accounted for the majority of exports to hong kong. according to taiwan's statistics, the 2002 taiwan to hong kong's exports amounted to 30.851 billion u.s. dollars, taiwan's exports accounted for 23.62 percent of the total amount; hong kong trade surplus amounted to 29.113 billion u.s. dollars, is taiwan's foreign trade surplus of 1.62 times the total amount. hong kong is Clerc Watches also a major taiwan investment in the mainland and the third one. cepa to the mainland and hong kong's economic ties to reduce barriers to a minimum, it means that based on hong kong, we can market to the mainland as the hinterland and development, taiwan and caused economic advantages of the change, induced adjustment of taiwan businessmen in hong kong investment focus, then change to taiwan's economic structure. from the pattern of taiwan the best regional economic cooperation partner is the mainland, hong kong and macao and promoting cross-strait economic cooperation, was necessary.
cepa and prospects for cross-strait economic and trade relations
at present, cross-strait economic and trade close ties, taiwan is the mainland's fourth largest trading partner, second largest import source, the mainland is taiwan's largest export market for taiwan businessmen's investment in the main. first five months of 2003, the mainland from taiwan imports nearly 18 billion u.s. dollars, than the same period last year increased by more than 29 percent of mainland exports to taiwan reached 3.3 billion u.s. dollars, increased by more than 46 percent of cross-strait economic and trade relations have been inextricably linked. as of august 2003, the mainland has approved taizixiangmu 58600, taiwan businessmen invested 35.5 billion u.s. dollars. in cross-strait economy and the trend of integration, the establishment of cross-strait economic cooperation mechanism has become an urgent need.
on taiwan,, cepa undoubtedly further increase the attractiveness of taiwan businessmen on the mainland, an increase of one country, two systems to taiwan people's attractiveness. all circles in taiwan on cross-strait economic integration and free trade zone of enthusiasm unabated, demanding that the taiwan authorities and the mainland signed cepa, these are very good note.
cepa on the mainland and hong kong due to the economic and trade exchanges done a major adjustment, which will directly affect taiwan businessmen in taiwan and the layout of thinking. from future cross-strait economic relations considered, from taiwan's economic and social development of a comprehensive consideration, taiwan and the mainland of the establishment of a new economic and trade cooperation mechanism, the two sides and work together for the development and prosperity of hong kong and macao is an inevitable trend. cepa is the signing of the mainland and hong kong, taiwan economic and trade relations between the start of re-adjustment. with the gradual implementation of cepa, on the economic benefits of the mainland and hong kong and macao will gradually appear. by then the cross-strait economic and trade relations between the three places will be major and the adjustment can not be stopped, then also there will be a cross-strait economic and trade relations between the adjustment of the opportunity. on this basis. taiwan's integration into the greater china economic circle is the future trend, its significance lies not only promote china's economic integration process, four to achieve cross-strait economic development and common prosperity, and the complete reunification of china will create more a solid material foundation and conditions.
editor: yu han
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