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Macao Issues First 2 CEPA Service Provider Certificates in 2005

The Macao Economic Services Bureau on Friday issued the first two service provider certificates in 2005 to an exhibition service company and a law firm, which will use CEPA's preferential policies to invest in China's mainland.

Rui Cunha, a renowned lawyer and founder and partner of the C and C Advogados, went to the bureau to pick up the certificate in person on Friday.

He told Xinhua that the Mainland/Macao Closer Economic Partnership Arrangement (CEPA) has created a huge space for Macao's law firms to offer their expertise in facilitating China's trade with Portuguese-speaking countries.

His law firm signed a series of partnership agreements with companies from Portugal, Brazil and China's mainland in November last year, which has become Macao's first case of bridging cooperation between China's mainland and Portuguese-speaking countries in the legal service sector by making use of its preferential trade status with the mainland.

Lo Tak Wah, general manager of a local exhibition company, said that she planed to make use of the CEPA policy to found a solely-fund firm in Beijing, which would offer its expertise in undertaking medium and small-scaled international conferences in the metropolitan.

Since the implementation of the Mainland/Macao CEPA in January 1 last year, the bureau has accepted 57 service provider certificates and 129 applications to enjoy CEPA's zero tariff terms.

(Xinhua News Agency January 22, 2005)

Second Phase of CEPA Enters into Force
Macao's Economy Boosted After Return
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Macao, Mainland Sign Supplemental Agreements of CEPA
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CEPA to Boost Foreign Investment Flow to Macao
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