From January next year, Hong Kong -made goods imported from the mainland to enjoy zero tariffs

Under the haze of the Sino -US trade war, Hong Kong and mainland China accelerate the pace of trade cooperation between the two places.Starting from January 1 next year, the import of goods produced in Hong Kong will be able to fully enjoy zero tariffs.

Under the witness of the Chief Executive of the Hong Kong Special Administrative Region, Chen Maobo, director of the Financial Department of the Hong Kong Government, and Fu Ziying, a representative and deputy minister of the International Trade Negotiations and Deputy Minister of the Ministry of Commerce of China, signed the "Cargo Trade Agreement" in Hong Kong yesterday (referred to as the "Agreement")."Agreement" is a new agreement signed by the Ministry of Commerce of Hong Kong and China under the framework of "Mainland and Hong Kong on the establishment of closer economic and trade relations" (English for short).

On the basis of the original rules of the original product of the original product, the "Agreement" introduces the general origin rules based on the added value of the product in Hong Kong as the calculation foundation.In the case, you can import the mainland with zero tariffs.

The "Agreement" also establishes the principle of convenient trade, including indicating that the two parties facilitate trade in the relevant fields, simplify customs procedures, improve the transparency of relevant measures, and strengthen cooperation between the two parties.The flow of goods in the Greater Bay Area, as well as improving the customs clearance capabilities and efficiency of Guangdong Port.

Chen Maobo pointed out that CEPA has now been upgraded to a more comprehensive modern free trade framework agreement. After the signing of the "cargo trade agreement", it will further increase the level of opening the cargo trade under CEPA.First of all, the "Agreement" establishes Hong Kong's native goods to enjoy zero tariff discounts to the mainland.

In addition, the "agreement" has also strengthened the commitment to facilitate trade, and set measures for the promotion of cargo flow in the Guangdong -Hong Kong -Macao Greater Bay Area.The "agreement" at the same time deepen the trade liberalization and facilitation of goods between the two places, which will help the Hong Kong brand's development in the mainland.

Chen Maobo pointed out that the Hong Kong Government will assist the industry to make good use of measures in the "agreement" to further develop and develop a huge and potential market in mainland China.

Fu Ziying said that the signing of this "agreement" shows that the economic and trade relations between the mainland and Hong Kong are not ordinary. It is the highest level of restricted free trade arrangements, indicating that the mainland is open and Hong Kong's fully market -based and independent tariff area.stage.

Fu Ziying expects that after the signing of the new "agreement", Lu and Hong Kong can create more opportunities for cooperation opportunities in accordance with the development of the national strategy in the future, and first serve the construction of the Belt and Road.He believes that this will be more favorable for the construction of departments and enterprises with advantages in Hong Kong.

The "agreement" also strengthens the commitment to facilitate trade, and sets measures to promote the flow of goods in the Guangdong -Hong Kong -Macao Greater Bay Area.The "agreement" at the same time deepen the trade liberalization and facilitation of goods between the two places, which will help the Hong Kong brand's development in the mainland.