DSE seeks feedback on CEPA upgrade

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The Macau Economic Services (DSE) has met with over 60 chambers of commerce and associations to collect opinions about the upgrade of the zero-tariff Closer Economic Partnership Agreement (CEPA).
The MSAR Government and the Chinese Ministry of Commerce have already initiated works to “update” the CEPA agreement, which came into effect in 2004.
The new agreement on the works will focus on economic and technical co-operation and on investment protection, while prioritising the role of Macau in the One Belt, One Road policy as a gateway to Portuguese-speaking countries.
As such, DSE paid visits to the Macao Chamber of Commerce and Industrial Association of Macau, as well as holding two industry advisory symposiums earlier this month to collect views and opinions.
According to DSE, as of June 2017, the total value of exports under the CEPA agreement had reached MOP808.25 million (US$100.55 million).