The Services Trade Agreement (“Services Agreement”) was signed in November 2015 between the continent and HKSAR. In addition to the introduction of the new liberalisation measure to pilot a mutual recognition agreement for relevant certifications and testing operations between Guangdong, Hong Kong and Macao in China`s pilot free trade area (Guangdong) for the implementation of “results tested and accepted by three entities,” the services agreement covers and consolidates the commitments contained in the EPA and its complements (with regard to the liberalisation of services and the audit and certification). guangdong agreement. The continent has developed an implementation guide that provides more detail on the new liberalisation measure discussed in the services agreement. 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 phases out or phase out discriminatory measures in services between the mainland and Hong Kong. Compared to other foreign investment management measures, the amendment provides Hong Kong service providers with more preferential treatment than other foreign investors and consolidates the benefits for the “precursors” of Hong Kong`s service sector. At the same time, the amendment also contains a number of pilot liberalization measures that are being tested for the first time in the nine cities of the Guangdong-Hong Kong-Macao Greater Bay Area Pearl River Delta, which would promote the construction and development of the Great Bay Area. The continent`s obligation to liberalize Hong Kong in terms of services is achieved through the negative list and the positive list established under the CEPA Trade in Services Agreement. In other words, the continent`s restrictive measures for commercial presence (as defined below) are presented in the form of the negative list and, with the exception of the restrictions set out in them, there are no additional restrictions on commercial presence; Cross-border services (as defined below) are liberalized by the use of the positive list.

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