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Simplified customs entry-exit policies under the CEPA framework were elaborated in Macao on last Friday (July 23) by customs and trade officials from Guangdong, Hong Kong and Macao to entrepreneurs in Macao.

This is the third leg of the seminar, after it was held in Guangzhou in March and moved to Hong Kong in May. Under the coordination by trade promotion organizations, customs officials from the three regions were gathered together for the first time in a seminar for the policy interpretation after the mainland/Macao and the mainland/Hong Kong Closer Economic Cooperation Arrangement, known as CEPA was enacted in January this year.

Participants to the meeting agreed that the preferential terms of CEPA have accelerated the growth in logistic flow via customs of the three regions, which have been coordinating in simplifying entry-exit formalities. The seminar would help spread a better understanding of the customs requirements and procedures in handling CEPA goods.

Cheong Chou Weng, executive director of the Macao Trade and Investment Promotion Institute said that the cooperation in commodity and service trade under CEPA has greatly invigorated a coordinated regional development, as well as the process of e-commerce standardization and authentication of product origin in Guangdong, Hong Kong and Macao.

Editor: Olivia