Mainland and Macau Closer Economic Partnership Arrangement

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Mainland and Macau Closer Economic Partnership Arrangement
Chinese name
Hanyu Pinyin
gèng jǐnmì jìngmào guānxì
Yue: Cantonese
Jyutpinggeng3 gen2 mat6 ging1 mou6 gwaan1 hai6
Portuguese namePortuguese
Acordo de Estreitamento das Relações Económicas e Comerciais entre o Continente Chinês e Macau

The Mainland and Macau Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, is an economic agreement between the

People'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.

General features

CEPA is a free trade agreement 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 the World 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.

Objectives and implementation

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 of Certificates of Origin (Annex 3);
  4. Specific Commitments on
    Liberalization of Trade
    in Services (Annex 4);
  5. Definition of “Service Supplier” and Related Requirements (Annex 5); and
  6. Trade and Investment Facilitation (Annex 6).

See also

External links

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