News from the Economic Services Bureau of the Macao Special Administrative Region says that thanks to the Close Economic Partnership Arrangement (CEPA) export to mainland increased considerably this year. Export in the first three months has already mounted to 170 percent of the export in 2004.

Signed on October 17, 2003 the CEPA created more opportunities and more favorable conditions for Macao goods to enter the mainland market. It consists of three parts including facilitation of trade in goods, facilitation trade in service and facilitation of investment. In October 2004 a supplementary agreement was signed to increase types of goods enjoying zero tariff from 311 to 501.

By People's Daily Online