Mainland and Macau Closer Economic Partnership Arrangement

Mainland And Macau Closer Economic Partnership Arrangement

Mainland and Macau Closer Economic Partnership Arrangement

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The Mainland and Macau Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, is an economic agreement between the Government of the Macau Special Administrative Region and the Central People's Government on October 18, 2003. A similar agreement, known as Mainland and Hong Kong Closer Economic Partnership Arrangement, was signed between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on June 29, 2003. Under the CEPA, 272 Macau products are exempted from import customs, which help promote the development of manufacturing and tourism industries.

Annual supplements with further liberalisations have been signed between the Mainland and Macau governments. The most recent, Supplement IV (often referred to as CEPA V), was signed July 2, 2007.

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

Bridge project

Edmund Ho Hau Wah, the Chief Executive of Macau, has expressed his Government's "unconditional" support to build a super-bridge (mega-project) between the east and west banks of the Pearl River Delta. Whatever its final design and routing, the bridge is seen by economists as a great chance to turn the Pearl River Delta into a super-development zone on a global scale. This will require close co-operation among the estuary's starkly different...
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