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TheMainland and Macau Closer Economic Partnership Arrangement, orCloser Economic Partnership Arrangement (CEPA) for short, is an economic agreement between theGovernment of theMacau Special Administrative Region and the Central People's Government on October 18, 2003. A similar agreement, known as theMainland and Hong Kong Closer Economic Partnership Arrangement, was signed between theGovernment of theHong Kong Special Administrative Region and theCentral People's Government of thePeople's Republic of China, signed on June 29, 2003.

Regular supplements with further liberalisations have been signed between the Mainland and Macau governments. The most recent, Supplement VIII (also referred to as CEPA VIII), was signed in December 2011 and enters into effect on 1 April 2012.

The two agreements and additional supplements were signed in the Chinese language. The Chinese text is therefore the authoritative text.

CEPA is afree tradeagreement pursuant to which qualifying products, companies and residents of Macau enjoy preferential access to the mainland Chinese market. Many of the preferences surpass the concessions made by China upon its accession to theWorld Trade Organization.

Under CEPA VIII, 43 service sectors enjoy preferential access to the Mainland and all Macau products (that are permitted to be imported into China) are exempt from import duties.

CEPA is stated to have the following objectives:

"To strengthen trade and investment cooperation between Mainland China and Macau and promote joint development of the two sides, through the implementation of the following measures :

1. progressively reducing or eliminating tariffs and non-tariff barriers on substantially all the trade in goods between the two sides;
2. progressively achieving liberalization of trade in services through reduction or elimination of substantially all discriminatory measures;
3. promoting trade and investment facilitation."

The Annexes to CEPA elaborate measures to achieve these objectives and detail how products and service providers can qualify for the CEPA benefits, including:

1. Arrangement for Implementation of Zero Tariff for Trade in Goods (Annex 1);
2. Rules of Origin for Trade in Goods (Annex 2);
3. Procedures for the Issuing and Verification ofCertificates of Origin (Annex 3);
4. Specific Commitments onLiberalization of Trade in Services (Annex 4);
5. Definition of “Service Supplier” and Related Requirements (Annex 5); and
6. Trade and Investment Facilitation (Annex 6).

• Economy of Macau
• Mainland and Hong Kong Closer Economic Partnership Arrangement
• Economic Cooperation Framework Agreement

• Mainland and Macau CEPA full texts –(in Chinese)
• Mainland and Macau CEPA full texts –(in Portuguese)
• Mainland and Macau CEPA full texts –(in English)
• Mainland and Macau CEPA – booklet from Macau Economic Services,(in English)
• Acordo de Estreitamento das Relações Económicas e Comerciais entre o Continente Chinês e Macau – booklet from Macau Economic Services,(in Portuguese)

• Economy of Macau
• Economy of China
• Trade blocs
• 2003 in China
• 2003 in Macau
• Free trade agreements of China
• Treaties concluded in 2003
• Treaties of the People's Republic of China
• Treaties of Macau

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