CEPA exports soar 114 pct in November

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Local exports of goods to Mainland China under the Closer Economic Partnership Arrangement (CEPA) enjoyed a surge of 114.2 per cent last month compared to October, according to the latest official data released by the Economic Services Bureau (DSE).
The export value of CEPA goods from the city to the Mainland totalled MOP12 million in November, up nearly MOP6.4 million from the month before. The value is also the second highest that the sector has posted for this year, following MOP15.3 million in January.
As at the end of last month, the total export value of CEPA goods to the country amounted to MOP88.9 million, or MOP654.6 million since the agreement between the parties became effective in January 2004.
In terms of trade in services, the number of ‘Macau Service Supplier’ certificates remained at 591 in November, suggesting the government did not grant any new documents in the month. These certificates are for local companies and enterprises to operate their businesses on the Mainland.
The local transport industry is the sector engaged most in trade activities between the city and the country under the CEPA agreement. It has been granted 298 supplier certificates, accounting for 50 per cent of the total.
In fact, from June 1 next year, Mainland authorities will open a total of 153 sectors of the city’s service providers from the current 91 sectors, following the Special Administrative Region and China signing a new CEPA agreement on trade in services last Saturday.