Access the full text.
Sign up today, get DeepDyve free for 14 days.
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
The Mainland China and Hong Kong Closer Economic Partnership Arrangement (CEPA) was entered into on 30 June 2003, which marked the visit of Chinese Premier Wen Jiabao to the Territory.1 The prevailing view in the Territory is that the CEPA is a gift from the Central Government of China to Hong Kong.2 A number of issues, however, must be resolved in order to make it function effectively. I. COMPLIANCE WITH WTO PRINCIPLES The World Trade Organization does not prohibit the establishment of free trade zones or any other arrangement that will give greater market access or encourage liberalization of trade.3 Therefore, the compliance of the CEPA with the WTO both in spirit and in principle is beyond doubt. It is consistent with the spirit of the WTO because the WTO considers that it is its duty to promote the liberalization of trade. It is consistent with the principles of the WTO because the General Agreement on Tariffs and Trade (GATT) so provides. GATT Article �cxlv(3) stipulates in relevant part: "The provisions of this Agreement shall not be construed to prevent: (a) Advantages accorded by any contracting party to adjacent countries in order to facilitate frontier traffic; ..." GATT
Journal of World Investment and Trade – Brill
Published: Jan 1, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.