It means that all free trade agreements that China signs with other chicken road 2 countries and regions also apply to Macao once they have measures better than the CEPA. The FTA will be a great enabler for Cambodia to work closely with China and contribute to bilateral commercial cooperation and global economic recovery. MOFCOM is ready to continue sound cooperation with Cambodian commerce ministry and lay the ground for the signing of the FTA. It��s conducive to comprehensive and deep Mainland-Macao economic integration and common economic development.
China-Singapore FTA (including upgrade)
- The agreement is the first free trade agreement in which the whole mainland will fully open the trade in services areas through pre-access national treatment with a negative list, signifying that the whole mainland and Macao basically realize the liberalization of trade in services.
- Except restrictive measures preserved in the agreement, and the establishment of enterprises in telecommunications and cultural areas and financial institutions, the Macao service providers invested in the mainland��s service trade domain which is open to them.
- Minister Pan Sorasak noted that the China-Cambodia FTA is a milestone in bilateral relations that signals a new era for the comprehensive strategic partnership and the Belt and Road cooperation.
- MOFCOM is ready to continue sound cooperation with Cambodian commerce ministry and lay the ground for the signing of the FTA.
- In November 2008, Chinese President Hu Jintao visited Costa Rica and announced with Costa Rican President Oscar Arias the launch of China-Costa Rica free trade negotiations.
Based on the pilot experience of implementing the Mainland and Macao CEPA Agreement on the Basic Realization of Liberalization of Trade in Services between Guangdong Province and Macao SAR (hereinafter referred to as the ��Guangdong agreement��), the agreement aims to further expand the mainland��s service industry to Macao. The annex of the agreement includes the restrictive measures the mainland preserves for Macao with a negative list under commercial presence model and the mainland��s new open measures to Macao in cross-border services, telecommunications and cultural areas by means of positive list and restatement of the contents of former CEPA. With the approval of the State Council, vice Minister of Commerce Wang Shouwen and Secretary for Administration and Justice of Macao Special Administration Region Government Leong Vai Tac signed Mainland and Macao Closer Economic Partnership Arrangement Agreement on Trade in Services (hereinafter referred to as ��the agreement��) in Macao on November 28, 2015. Minister Pan Sorasak noted that the China-Cambodia FTA is a milestone in bilateral relations that signals a new era for the comprehensive strategic partnership and the Belt and Road cooperation.
China-Pakistan FTA (including second phase)
The mainland and Macao��s basic realization of liberalization of trade in services is not only conducive to Macao��s diverse economic development, but also injecting new vigor into the mainland��s service industry. The agreement is the first free trade agreement in which the whole mainland will fully open the trade in services areas through pre-access national treatment with a negative list, signifying that the whole mainland and Macao basically realize the liberalization of trade in services. Except restrictive measures preserved in the agreement, and the establishment of enterprises in telecommunications and cultural areas and financial institutions, the Macao service providers invested in the mainland��s service trade domain which is open to them.
Full Text of the Agreement
- The FTA will be a great enabler for Cambodia to work closely with China and contribute to bilateral commercial cooperation and global economic recovery.
- The annex of the agreement includes the restrictive measures the mainland preserves for Macao with a negative list under commercial presence model and the mainland��s new open measures to Macao in cross-border services, telecommunications and cultural areas by means of positive list and restatement of the contents of former CEPA.
- Based on the pilot experience of implementing the Mainland and Macao CEPA Agreement on the Basic Realization of Liberalization of Trade in Services between Guangdong Province and Macao SAR (hereinafter referred to as the ��Guangdong agreement��), the agreement aims to further expand the mainland��s service industry to Macao.
- The two countries will also further strengthen exchange and cooperation in such areas as economy, SMEs, culture, education, science and technology, and environmental protection.
The two sides should take this opportunity to bring bilateral commercial cooperation to a new height and contribute to an open world economy. It is also a specific move to support each other, stabilize regional supply chains and industrial chains and promote regional economic recovery. The two countries will also further strengthen exchange and cooperation in such areas as economy, SMEs, culture, education, science and technology, and environmental protection. In November 2008, Chinese President Hu Jintao visited Costa Rica and announced with Costa Rican President Oscar Arias the launch of China-Costa Rica free trade negotiations.
China-Belarus Service and Investment Agreement
In recent years, bilateral trade between the two countries has grown rapidly.
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