CEPA exports drop 15.4 pct in September

By
Kam Leong

The city saw its exports of goods to Mainland China under The Closer Economic Partnership Arrangement (CEPA) plunge 15.4 per cent month-on-month in September, according to the latest official data released by the Economic Service Bureau (DSE).
Last month, the cityÂ’s export value of CEPA goods to the Mainland totalled MOP5.76 million (US$719,429) in a notable decrease of some MOP1.05 million from MOP6.86 million in August. The latest monthly value registered is also the second lowest the city has posted for the year, following MOP5.75 million in February.
The total export value of CEPA goods from the Special Administrative Region reached MOP70.52 million between January and September this year.
Meanwhile, as at the end of last month, the cumulative value totalled MOP636.2 million since the agreement was implemented in January 2014.
In terms of trade in services, the economic bureau did not grant any new ‘Macau Service Supplier’ certificate to local firms. As such, the number of certificates that the government issued remained at 491 as at September this year. The certificates are for local companies and enterprises to operate their businesses on the Mainland.
The local transport industry, which includes freight forwarding agencies, logistics, storage and warehousing and other transport services, is the sector engaged most in the trade activities between the city and the country under the CEPA agreement. According to official DSE data, the industry has been granted a total of 298 supplier certificates since January 2004, accounting for 61 per cent of the total.