New rules of origin under the CEPA Agreement on Trade in Goods for seven categories of Macao products will be implemented on 1 July 2020.
The seven categories include five types of food products and two types of pharmaceutical products.
The Agreement on Trade in Goods under the Mainland and Macao Closer Economic Partnership Arrangement (CEPA) became effective on 1 January 2019; the amended rules of origin under the Agreement will be implemented no later than 1 July of the current year and 1 January of the following year respectively after Macao’s enterprises submit the relevant amendment applications to the Economic Services Bureau on 1 March and 1 September each year.
Since CEPA became effective on 1 January 2004, the Economic Services Bureau has issued a total of 6,349 certificates of origin as at the end of May 2020.
The zero tariff benefit under CEPA is an advantage that Portuguese-speaking countries can make use of in order to enter the mainland Chinese market.
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