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HONG KONG'S Commissioner of Customs & Excise Clement Cheung and General Administration of China Customs vice minister Sun Yibiao have signed a mutual recognition arrangement to promote a "secure and seamless flow of goods across the boundary".

At the signing ceremony in Beijing, Mr Cheung said the measures will enable Hong Kong companies to tap into the mainland market, bringing more business opportunities for import, export and logistics industries.

The accord mutually recognises the Hong Kong's Authorised Economic Operator Programme and the mainland's Measures on Classified Management of Enterprises, said the Hong Kong Government Information Service.

"Under the arrangement, local companies accredited by Hong Kong as Authorised Economic Operators can enjoy prioritised clearance for their goods imported from or exported to the mainland," said the communique.

"Similarly, mainland companies which have been certified as 'AA' class will have their exports cleared expeditiously upon arrival in Hong Kong," it said.