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Taiwan, Hong Kong and Macao, [a] also known as Hong Kong, Macao and Taiwan [b] is the collective term used by the People's Republic of China for its two special administrative regions Hong Kong and Macao, as well as the Taiwan region, which is claimed as sovereign territory by the PRC but is actually governed by the government of the Republic of China (Taiwanese authorities).
A similar agreement, known as the Mainland and Hong Kong Closer Economic Partnership Arrangement, was signed between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on June 29, 2003.
The Mainland and Hong Kong Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, is an economic agreement between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on 29 June 2003.
[2] [16] Chiang Pin-kung, the chairman of Taiwan's SEF represented Taiwan. [ 17 ] [ 18 ] Chen Yunlin , the President of ARATS, represented mainland China. [ 2 ] [ 19 ] Taiwan's Executive Yuan approved the ECFA on July 2, 2010 [ 20 ] and the Legislative Yuan (parliament) approved the deal on August 17, meaning the deal became law on January 1 ...
As of 2015, Macau is Hong Kong's second largest export destination, occupying 6.1% of Hong Kong's total exports. [7] The amount of export totaled US$8.4B, with broadcasting equipment, jewellery, and precious metal watches as the major products. [8] On the other hand, Hong Kong is Macau's largest export destination. [9]
Hong Kong, Mainland and Hong Kong Closer Economic Partnership Arrangement (2003) Macau, Mainland and Macau Closer Economic Partnership Arrangement (2003) Chile, China-Chile Free Trade Agreement (2006) Pakistan, China-Pakistan Free Trade Agreement (2006) [14] New Zealand, China-New Zealand Free Trade Agreement (2008) [15]
Hong Kong: 29 June 2003 29 June 2003 Closer Economic Partnership Agreement [2] Macau: 18 October 2003 18 October 2003 Closer Economic Partnership Agreement [3] Chile: 18 November 2005 1 October 2006 Free Trade Agreement [4] 11 November 2017 Upgraded Protocol Pakistan: 24 November 2006 7 July 2007 Free Trade Agreement [5] 28 April 2019 1 January ...
The two special administrative regions of Hong Kong and Macau (created in 1997 and 1999 respectively) each have a codified constitution called Basic Law. [8] The law provides the regions with a high degree of autonomy, a separate political system, and a capitalist economy under the principle of " one country, two systems " proposed by Deng ...