Guangdong Province has pledged to realize “basic service trade liberalization” with Hong Kong by the end of 2014, one year ahead of a central government target announced by then-Vice-Premier Li Keqiang in 2011. However, no standard definition for “basic service trade liberalization” exists.
As Hong Kong and the mainland prepare to sign an eleventh supplement to CEPA, this definitional uncertainty has raised several questions. How much progress has been made under CEPA? How can we benchmark the degree of service trade liberalization? How have stakeholders reacted to the arrangement’s challenges? What is the potential for future progress?
In The Somewhat Open Door, Kreab Gavin Anderson Research-Asia provides insights into these topics while reviewing the policy priorities that have contributed to CEPA’s unique characteristics.