CEPA exports grow 3.3 pct in February

The city’s exports of zero-tariff goods to Mainland China under the Closer Economic Partnership Arrangement (CEPA) grew slightly by 3.3 per cent month-to-month last month, reaching MOP7.3 million (US$912,600) according to the most recent data from the Macao Economic Services (DSE).
The small increase comes after local CEPA exports dropped by 42.5 per cent month-on-month in January from the MOP12.3 million registered during the last month of 2016.
For the first two months of 2017, local exports under the CEPA programme amounted to MOP14.4 million, making the accumulative exports value MOP780.84 million since the scheme’s implementation in January 2004.
On a yearly comparison, the CEPA exports value for the month represents an increase of 26 per cent year-on-year, or nearly MOP1.5 million, as compared to the MOP5.8 million registered in the same month of the previous year.
As at the end of February, a total of 616 services and agencies had received certificates under the Macau Service Supplier arrangement, of which 302 were companies providing transport services, including freight forwarding agencies, logistics, storage and warehousing.
With the certificate, local companies can expand their business to the Mainland and enjoy zero-tariff treatment there.