Implementation Principles of CEPA

Update time:2016-02-26  source:

The conclusion, implementation and amendment of the Closer Economic Partnership Agreement adhere to the following principles:

 

1. to abide by the "one country, two systems" principle;


2. to be consistent with the rules of the World Trade Organisation (hereinafter referred to as the “WTO”);


3. to accord with the needs of both sides to adjust and upgrade their industries and enterprises and to promote steady and sustained development;


4. to achieve reciprocity and mutual benefits, complementarity with each other’s advantages and joint prosperity;


5. to take progressive action, dealing with the easier subjects before the more difficult ones.


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