The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, said today that the new supplement to the Mainland and Macao Closer Economic Partnership Arrangement (CEPA) would benefit the streamlining and diversification of Macao's economic structure. After attending the opening ceremony of the 'Mainland, Hong Kong and Macao Trade and Economic Co-operation Forum' in Hong Kong today, Mr Tam said that Supplement III to CEPA, signed on Monday (26 June), had provided enhanced conditions in three areas, namely the 'trade in goods', the 'trade in services', and the 'trade and investment facilitation'. In 'trade in services', relaxed measures are given to Macao enterprises and professionals from services sectors such as legal, construction, audiovisual, distribution, tourism, transport, individually owned stores, convention and exhibition, when entering the markets in the Mainland. Speaking on State Council's approval of a round-the-clock and special-purpose checkpoint in the soon-to-be-completed Zhuhai-Macao Trans-border Industrial Park, Mr Tam said that it would greatly benefit the development of the industrial zone. He but added that people with business connections with companies in the park would be only allowed to use this checkpoint: others would continue to use the present facilities.
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