The Impact of CEPA on Hong Kong Transportation and Logistics Companies: A Head Start on the Competition

October 02, 2003 | BY

clpstaff &clp articles

CEPA opens new doors to Hong Kong companies seeking access to mainland markets. The big winners are Hong Kong transportation and logistics companies.

By Dan Ryan, Ince & Co., Shanghai & Hong Kong

As a result of the Closer Economic Partnership Arrangement (CEPA) signed on June 29 20031 between Hong Kong and the PRC, Hong Kong companies seeking to engage in transportation and logistics business to, from and within the PRC will benefit in several key ways.

First, Hong Kong companies will be able to establish wholly foreign-owned enterprises (WFOEs) in China that are able to engage in certain transportation and third-party logistics businesses earlier than is provided for under China's WTO timetable. At present, engaging in many types of transportation and logistic businesses in China requires foreign companies to establish a joint venture with a PRC partner.

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