BEIJING, Sept. 13 -- All products originating from Hong Kong are expected to be classed under the "zero tariff" from the beginning of the next year. This was announced by An Ming, the Vice Minister of Commerce.
An Ming said that under CEPA, the Closer Economic Partnership Arrangement, signed between the Hong Kong SAR and the mainland, 1,108 classes of Hong Kong products will be eligible for the zero tariff.
In addition, the two sides are negotiating to offer the zero tariff to all products originating from Hong Kong, and further open the mainland's market for services to Hong Kong providers of legal, accounting, architectural, communication, finance, travel and transportation services.
The results of ongoing negotiations will be announced in October. The vice minister also said that the CEPA arrangement can be gradually improved and expanded.