The World Trade Organisation (WTO) has recently examined and approved China’s Hong Kong-Macao Closer Economic Partnership Arrangement (CEPA), to ensure that the agreement is in line with WTO rules, the local government said in a statement this week.
At a WTO meeting in Geneva on Monday, both the representatives from the two special administrative regions presented the objectives and contents of the Hong Kong-Macau CEPA, which was signed in October 2017 to strengthen trade relations and technical cooperation exchanges between Macau and Hong Kong.
The Hong Kong-Macau CEPA is a free-trade agreement based on the principle of “One Country, Two Systems”, which also complies with the WTO rules, the representatives said at the meeting, according to the statement.
