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Hong Kong and Guangdong to deepen joint participation on Belt and Road Initiative

2016-September-15       Source: Newsgd.com

The 19th Plenary of the Hong Kong/Guangdong Cooperation Joint Conference was held in Guangzhou on Sep. 14. Deepening joint participation on Belt and Road Initiative is still the key area of Guangdong-Hong Kong cooperation.

The 19th Plenary of the Hong Kong/Guangdong Cooperation Joint Conference was held in Guangzhou on Sep. 14. Deepening joint participation on Belt and Road Initiative is still the key area of Guangdong-Hong Kong cooperation.

Zhu Xiaodan, Governor of Guangdong Province and Leung Chung-Ying, Chief Executive of Hong Kong Speical Administrative Region (SAR) attended the conference and gave keynote speeches as representatives of both sides.

Both sides agreed that the cooperation between Guangdong and Hong Kong not only promoted the progress of varies projects, but also shared valuable experiences. All of the achievements layed the foundations for cooperation deepening in the ensuing year.

As important participants of PPRD (Pan-Pearl-River Delta) Cooperation and One Belt One Road Initiative, both Guangdong and Hong Kong did a good job, especially the rise of PPRD Cooperation for national strategy. Also, the establishment of service trade liberalization and Guangdong FTZ had separately provided the experience of implementing CEPA (Closer Economic Partnership Arrangement) in mainland and 90 system innovations.

Based on the consensus, five key fields of cooperation in the future were specified, and 9 cooperation agreements were signed.

Five key fields of cooperation: Mutual benefits

1.Service trade liberalization. To strive for a shorter "negative list" and better establishment of provincial demonstrated base of service trade liberalization, so that Hong Kong enterprises enter Guangdong Province conveniently.

2.Joint participation in Belt and Road Initiative. To exert the advantages of Hong Kong for linking home and abroad and Guangdong for advanced manufacturing industry, explore a multilayered cooperation system between Guangdong and Hong Kong for better dealings with countries included in Belt and Road Initiative.

3.Establishment of Guangdong FTZ (Free Trade Zone). To boost the flow of production factors between Hong Kong and FTZ for better participation of construction in FTZ by Hong Kong.

4.Innovation entrepreneurship cooperation. To establish platform for Hong Kong talents to start a business, and Hong Kong's achievements in scientific research to industrialize in Guangdong.

5.Guangdong-Hong Kong-Macao Bay Area. To start up the general planning of Guangdong-Hong Kong-Macao Bay Area, deepen the cooperation in varies fields such as economic investment and infrastructure construction.

Editor: Chan

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