CEPA exports drop 4 pct y-o-y for 2016

Local exports of zero-tariff goods to Mainland China under the Closer Economic Partnership Arrangement (CEPA) registered a decrease of 4.1 per cent for the whole of 2016, the latest official data released by the Macao Economic Services (DSE) indicates.
The city’s exports of CEPA goods to China amounted to MOP97.2 million (US$12.2 million) for last year, a decrease of some MOP4.2 million compared to MOP101.4 million registered for the whole year of 2015.
For December alone, exports of CEPA goods to the mainland totalled MOP12.3 million, soaring by 70.8 per cent compared to MOP7.2 million in November. In addition, the export value in December was the highest of last year, followed by October’s at MOP11.8 million and April’s at MOP11.2 million.
Accumulatively, the city’s exports of CEPA goods to China have amounted to some MOP764.5 million since the agreement between the two parties came into effect in January 2004.
As at the end of 2016, the number of “Macau Service Supplier” certificates remained at 612 – the same as at November-end, suggesting local authorities had not granted any new licences for local firms to operate their businesses on the mainland in order to enjoy zero tariff treatment.
Among the current certificate holders, 49 per cent are engaged in transport services, including freight forwarding agencies, logistics, and storage and warehousing as well as transport, totalling 298.
Some other 147 local companies, meanwhile, are conducting medical and dental businesses, accounting for 24 per cent of the total, followed by those running real estate services, amounting to 33, or 7 per cent of the total issued certificate holders.