CEPA triggers export boom for HK companies
The article reports the explores the export boom in Shenzhen, Guangdong province, fueled by growing free trade in major products during the past 13 years. More and more Hong Kong produced goods worth more than 75 billion yuan ($11 billion) from the special administrative region have enjoyed zero tariffs since the Closer Economic Partnership Arrangement, or CEPA, was rolled out in 2004.
Topics covered are Benefits of International Trade , FTA (Free trade areas) and Economic Integration . Explain with the help of diagrams for different stages of economic integration
Evaluation will include impact on workers, consumers, producers and government through changes in the prices of goods & services, employment opportunities, loss of markets, allocative and productive efficiencies, tax revenues and economic growth rates for both Hong Kong and China in short term and long term.