Influence to Hong Kong as an International Logistics Hub

Topics: Logistics, Hong Kong, Pearl River Delta Pages: 16 (4681 words) Published: October 22, 2012

Influence to Hong Kong as an international logistics hub
- under the “Framework Agreement on Hong Kong
and Guangdong Co-operation”

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Influence to Hong Kong as an international logistics hub
- under the “Framework Agreement on Hong Kong
and Guangdong Co-operation”
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ABSTRACT On 7 April 2010, The Chief Executive, Mr Donald Tsang, and the Governor of Guangdong Province, Mr Huang Huahua, signed the Framework Agreement on Hong Kong and Guangdong Co-operation. The Framework Agreement builds on years of closely co-operation between Hong Kong and Guangdong. This report reviews the development of Co-operation Agreement between Guangdong and Hong Kong and the implementation of Hong Kong’s logistics industry based on the agreement. To fully understand this Framework Agreement, we explore the challenges confronting Hong Kong as an international logistic hub and eventually acquire some benefits through the co-operation of Hong Kong and Guangdong.

REVIEW THE DEVELOPMENT OF CO-OPERATION AGREEMENT BETWEEN PEARL RIVER DELTA AND HONG KONG The Mainland and Hong Kong Closer Economic Partnership Arrangement - CEPA (signed on June 2003) CEPA introduced liberalization measures for various “Hong Kong service suppliers”. Logistics industry is one of the “Hong Kong service suppliers” and recognized to set up wholly-owned enterprises in mainland to provide logistics, international freight forwarding, storage, warehousing, road transport and shipping services. This arrangement not only provided opportunities to Hong Kong logistics companies to access mainland market but also liberated trade in goods and trade in services between mainland and Hong Kong.

Pan-Pearl River Delta Regional Co-operation Framework Agreement (signed on June 2004) The Pearl River Delta region(PRD), as known as "9+2", which includes Guangdong, Fujian, Jiangxi, Guangxi, Hainan, Hunan, Sichuan, Yunnan, Guizhou, Hong Kong and Macau. Under this agreement, the Pearl River Delta region cooperated closely and intensively in infrastructure, trade, industry, investment and other areas. Guangdong, Hong Kong and Macau have entered a new stage of economic integration.

Pan-Pearl River Delta Logistics Development Co-operation Agreement (signed on July 2005) Logistics industry acts as an important role in economic development. This agreement aimed to strengthen the coordination on logistics planning; logistics and transport system; logistics information system and human resources development and technological innovation. It was a remarkable stage of model logistics development in PRD.

Framework Agreement on Hong Kong and Guangdong Co-operation (signed on July 2010) To continue the implementation of CEPA, the Framework Agreement on Hong Kong and Guangdong Co-operation clearly defined the social economic development between Hong Kong and Guangdong. It enhanced Hong Kong’s position as an international financial centre and expedited the development of financial services industries in Guangdong; it also facilitated the flow of key factors such as people, goods, information and capital across the boundary to build an international aviation, shipping and logistics hub and a world-class modern economic circulation sphere. A series of environmental protection plans have been carried out to create a high quality living area among the PRD.

The Framework Agreement on Hong Kong and Guangdong Co-operation has included infrastructure projects to enhance logistics development and communication and cross-boundary...
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