Mainland to exempt duty on more goods of Macao origin

Source: Xinhua | June 17, 2016, Friday |

Online Edition

About 134 more items originated from Macao will be exported to China's mainland with zero-tariff from July 1 this year, Macao Economic Services said in a press release Friday.

Under the framework of the Mainland and Macao Closer Economic Partnership Arrangement (CEPA) implemented in 2004, the new varieties of goods with Macao origin to be on zero-tariff list include foods, textiles, printing materials, horologe and pens.

It is noted that the products made of raw materials provided by the Portuguese-speaking countries will be regarded as Macao origin. Analysis believed that more foreign investment will start manufacturing business here and take advantage of tariff-free policy to exploit the mainland market.

Statistic showed that the value of Macao's zero-tariff exports to the mainland reached 707 million Macanese patacas (US$88.47 million) since 2004, with tax abatement amounting to 53.43 million patacas.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Mainland to exempt duty on more goods of Macao origin

Email this to your friend