The Central People's Government and the Government of the Hong Kong Special Administrative Region reached agreement on the third phase of further trade liberalization measures of CEPA (commonly known as "CEPA III") on 18 October 2005. The newly introduced measures will come into full implementation on 1 January 2006.

More details of CEPA can be found in the Trade and Industry Department's designated website (http://www.tid.gov.hk/english/cepa).