Macao and the Mainland today signed Supplement IV to the Closer Economic Partnership Arrangement (CEPA), offering yet more favourable terms to Macao's businesses conducting trade in services on the Mainland. The pact was signed by the Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, and the Vice Minister of Commerce, Mr Liao Xiaoqi, at Government Headquarters, after representatives of the two sides attended the sixth meeting of the Joint Steering Committee of CEPA between the Mainland and Macao. The supplementary pact allowed Macao's services providers to enter 11 areas of trade in services on the Mainland, including management consultation, photography, printing, social services, translation and interpretation. Moreover, more liberalisation measures for 17 areas of trade in services were introduced. These areas included legal, construction, convention and exhibition, audiovisual, distribution, tourism and transport. The Supplement IV would further promote the diversification of Macao's industrial portfolio, Mr Tam, said after the signing ceremomy. CEPA was introduced in 2003, followed by the signing of three supplements to the agreement in the past three years. Today's signing ceremony was witnessed by the Chief Executive, Mr Edmund Ho Hau Wah, the Deputy Director of the Hong Kong Macao Affairs Office of the State Council, Mr Chen Zuoer, and the Director of Liaison Office of the Central People's Government in the Macao SAR, Mr Bai Zhijian, and many other officials and guests.
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