Hong Kong has started a consultation on Free Trade Agreement on the areas to be covered in a proposed Closer Economic Partnership Arrangement (CEPA) trade treaty with Macao.
At present, Hong Kong and Macao have each entered into a separate CEPA with Mainland China. CEPA enhance economic co-operation and development of the two places. Both Hong Kong and Macao do not apply any tariffs on imports. Under the new CEPA negotiations, Hong Kong and Macao will seek to bind the existing tariff-free regimes, providing legal certainty on the tariff-free movement of goods between the two places.
Both sides will also seek to minimize non-tariff barriers and avoid imposing trade remedy measures, including anti-dumping, safeguards, and countervailing measures, in order to further reduce obstacles to trade between the two places.
