The EPA opens up huge markets for goods and services in Hong Kong, significantly improving the already close economic cooperation and integration between the mainland and Hong Kong. Trade in services – Hong Kong service providers receive preferential treatment when entering the continental market in different service sectors. Hong Kong professional organizations and continental regulators have also signed a number of agreements or agreements for mutual recognition of professional qualifications. The agreement on closer economic partnerships on the mainland and hong Kong, short for CEPA, is an economic law agreement between the Government of the Hong Kong Special Administrative Region and the Central Government of the People`s Republic of China, signed on 29 June 2003. [1] A similar agreement, known as the Closer Economic Partnership Agreement on the mainland and in Macau, was signed on 18 October 2003 between the Government of the Macao Special Administrative Region and the Central Government of the People. In 2003, the Central Government of China signed the Closer Economic Partnership Agreement (CEPA) with the Hong Kong Special Administrative Region Government and the Macao Special Administrative Region Government. Supplements I, II, III, IV, V and VI were signed in 2004, 2005, 2006, 2007, 2008 and 2009. The EPA is a successful application of the One Country, Two Systems principle, a new path for institutional cooperation between the mainland and Hong Kong and Macao and an important step in economic and trade exchanges and cooperation between the mainland and Hong Kong and Macao. It is a free trade agreement signed by the central government with the various customs territories of Hong Kong and Macao and the first fully implemented free trade agreement in mainland China. The profound changes at Causeway Bay are one of the most visible signs of the impact of the Closer Economic Partnership Agreement (Cepa), a free trade agreement between the central government and Hong Kong signed a decade ago this month. The agreement, reached in the wake of the severe outbreak of Acute Respiratory Syndrome that brought Hong Kong to its knees, was aimed at establishing a growing continental market for Hong Kong businesses. The EPA is a win-win agreement that opens up new business opportunities for the mainland, Hong Kong and all foreign investors. For Hong Kong, THE EPA offers Hong Kong businesses the opportunity to have better access to the mainland.