The statement stated that the amending agreement introduced new liberalization measures in a number of important service sectors, such as legal services, construction and related engineering services, financial services, testing and certifications, television and filmmakers. CEPA is a framework agreement that is supported by four agreements: HONG KONG, May 29 (Xinhua) — A service trade amendment agreement signed last year between the mainland and Hong Kong will be implemented on June 1 to increase access for Hong Kong service providers to the mainland, the Chinese government said Friday at the Hong Kong Special Administrative Region (HKSAR). In addition, the amendment brings the number of service sectors likely to benefit from repair in mainland China from 62 to 69, allowing more service providers in Macau to enter the Chinese market. The amendment agreement aimed to further improve the level of liberalization of the continental market for trade in services in Hong Kong and to lower the thresholds for access to the continental market for Hong Kong service providers in order to participate more in the development of the continental market, according to a statement by the HKSAR government. In addition, a number of liberalization measures are being introduced as part of the modifiing agreement for pilot implementation in the nine pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area. The statement states that the implementation of the amended agreement allows trade to use the EPA to gain better access to the continental market and stresses that the HKSAR government will continue to promote the development and implementation of the EPA and will help trade seize opportunities. Enditem In response to Proposals by the Hong Kong economy to increase participation in continental market development, the amendment lowers market access thresholds on the continent for Hong Kong businesses and professionals. The amendment also includes several pilot projects to improve the integration of the service sector in the Greater Guangdong-Hong Kong-Macao Bay area to facilitate free trade in services in the Greater Bay area. (Macau Economic Office) The amendment agreement will be implemented on June 1, 2020. The amendment agreement, which will improve the level of liberalization of services trade on the mainland for Hong Kong under the EPA, was signed by Finance Minister Paul Chan and Deputy Trade Minister Wang Bingnan.
The change will further ease the threshold for Macau companies entering the Chinese continental market. Sectors that have benefited from this change include the financial sector, legal services, accounting, construction and engineering, culture, tourism, retail and education. IN JURISIONS THAT ARE NOT THE EXCLUSION OR LIMITATION OF CERTAIN TYPES OF STABILITY, OUR STABILITY WILL BECOME THE MAXIMUM EXTENT ALLOWED BY LAW LIMITED. WE DO NOT SUPPORT, GUARANTEE OR GUARANTEE MATERIALS, PRODUCTS OR SERVICES OFFERED BY OUR WEBSITE OR WEBSITE. . We ask our customers to be understanding and cooperative when we ask you for personal and financial information.