Macao to extensively solicit opinions in drafting Mainland/Macao CEPA
( 2003-07-04 10:11) (Xinhua)
The Macao Special Administrative Region (SAR) government will extensively
hear business people's opinions on the drafting of the Mainland/Macao Closer
Economic Partnership Arrangement (CEPA), said Francis Tam Pak Yuen, secretary
for Economy and Finance, Thursday.
The Mainland/Macao CEPA pact is expected to bring similar benefits to Macao
as that to Hong Kong, whose CEPA deal with the Chinese mainland was signed on
June 29 in Hong Kong. The benefits include zero tariff on hundreds of items of
Macao-made products to go into the Mainland and a green light of Macao's private
investment in some of the mainland's service sectors.
Macao's CEPA drafting will start from articles on logistics distribution to
those on trade in service and investment. The whole hearing procedure will take
three to four months of time, he said.
Macao's CEPA articles will be based on the version between the mainland and
Hong Kong while taking into consideration Macao's own practices, he added.