Macao and the Mainland today signed the Supplement III to the "Mainland and Macao Closer Economic Partnership Arrangement" (CEPA) to further strengthen their economic and trade exchanges. The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, and the Vice Minister of Commerce, Mr Liao Xiaoqi, signed the agreement, which would further lower the barriers for the entry of Macao's services industries into the Mainland in addition to easing the regulations for trade and investment. The supplement also regulated the new criteria for goods to be included as Macao origin, which would be granted zero tariffs when exported to the Mainland. Full details of the supplement will be announced on 29 June, the third anniversary of the signing of the CEPA. This week, the Chief Executive, Mr Edmund Ho Hau Wah, will lead a delegation of officials, businesspeople and representatives of business chambers to Hong Kong to attend the celebration for the third anniversary of CEPA. CEPA was first signed in 2003, and two supplementary agreements were signed in 2004 and 2005.
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