|BUSINESS IN CHINA THROUGH MACAU: ”CEPA AS A STRATEGIC BUSINESS TOOL FOR EUROPEAN COMPANIES”|
|Host / Sponsor:||European Union Business Information Programme|
|Event Time:||From Thu 17-Nov-2011 5:00 PM To Thu 29-Sep-2011 7:00 PM|
|Venue:||Mandarin Oriental Macau
Only for National European Chamber of Commerce in Hong Kong Members.
|View Flyer/Attachment:||CEPA presentation Dr. Carlos D. Simoes 17-11-11|
Business in China through Macau:
“CEPA as a Strategic Business Tool for European Companies”
Seminar & Networking Cocktail
The European Chamber of Commerce in Hong Kong thanks to EUBIP funding was delighted to co-host its annual CEPA seminar with IPIM and IEEM. The event was also supported by the France-Macau Business Association, the British Business Association of Macau and the Portuguese-Chinese Chamber of Commerce in Macau.
The event was inaugurated by Mr. Jackson Chang, President of IPIM, who emphasized the importance of the agreement in the trade and investment between Macau and Mainland China.
Ms. Cristina Morais, Head of External Economic Relations Department, Economic Services of Macau SAR provided the audience with a comprehensive presentation of CEPA (Mainland and Macau Mainland and Macau Closer Economic Partnership Agreement), focusing on its evolution year after year since its establishment in 2003. CEPA is a dynamic legal tool that adapts its scope to the real needs of business, and each new supplement added to the original agreement is a new step towards the liberalization in the trade of goods and services with the mainland (7 supplements have been added since 2003). Whereas CEPA is well advanced and consolidated in the field of manufacturing, where 1,773 certificates have been successfully granted to the date, progress is being done on the services side, which registers a significant lower figure (415 certificates up to now). Freight forwarding is the leading category within services, with over 90 certificates, but there is a growing demand in other sectors such as conventions and conferences, testing and certifications and others.
Mr. Carlos D. Simões, partner at DSL Lawyers provided the guests with valuable insights on how to combine CEPA with the corporate strategy. In the case of Macau Manufacturers (MMs) for instance, besides the legal requirements to comply with, the company needs to implement a solid business strategy that can be sustainable on the long term, such as the continuity of operations, the effective transmission of know-how to the China partner and the consolidation of a distribution network amongst others.
Mr. Stefan Amarasinha, Head of Trade and Economic Section of the EU Delegation to Hong Kong and Macau emphasized the role of CEPA in the field of market access to the Mainland for European companies, especially SMEs which might consider Macau as a more effective hub for their business development in China.
Indeed, all speakers agreed that CEPA, together with the SAR’s advantageous tax regime as well as the strong business and cultural links with the mainland is one more factor to be considered and evaluated by companies willing to enter the Chinese market.
For more information about CEPA Macau please visit: http://www.cepa.gov.mo/cepaweb/front/eng/index_en.htm
Please read Macau Daily’s coverage of the event: