CEPA updated
Source: Xinhua |
May 29, 2010, Saturday
|
Print Edition
Print Edition
WITH the inking of the seventh supplement to the existing Closer Economic Partnership Arrangement yesterday, companies and investors in Macau can explore the Chinese mainland market with lower costs and higher efficiency.
Supplement VII to CEPA will come into effect in 2011. The new pact comprises measures concerning the facilitation of trade and investment and the liberalization of trade in services.
As for trade in services, mainland authorities will ease the way for Macau investors and companies to run businesses in 11 service sectors, including health, construction, banking, audio and video production, tourism and entertainment, by lowering the market access threshold. The number of these liberalized sectors has been increased to 43.
On the trade and investment facilitation side, the new supplement adds education to the existing nine cooperation areas, while industry cooperation programs will also be expanded to five, including Chinese medicine, MICE (meetings, incentives, conventions and exhibitions), culture, environmental protection and advanced technology.
Supplement VII to CEPA will come into effect in 2011. The new pact comprises measures concerning the facilitation of trade and investment and the liberalization of trade in services.
As for trade in services, mainland authorities will ease the way for Macau investors and companies to run businesses in 11 service sectors, including health, construction, banking, audio and video production, tourism and entertainment, by lowering the market access threshold. The number of these liberalized sectors has been increased to 43.
On the trade and investment facilitation side, the new supplement adds education to the existing nine cooperation areas, while industry cooperation programs will also be expanded to five, including Chinese medicine, MICE (meetings, incentives, conventions and exhibitions), culture, environmental protection and advanced technology.
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