CEPA drops 26.9 pct m-o-m in June

The value of local exports of zero-tariff goods to mainland China under the Closer Economic Partnership Arrangement (CEPA) dropped 26.9 per cent month-on-month to MOP6.85 million (US$851,531) in June, but increased by 41.6 per cent year-on-year, according to the latest data released by the Macao Economic Services (DSE).
For the first six months of this year, the total value of exported local goods to mainland China reached MOP41.78 million. Between the time of the policy’s implementation in 2004 and end-June this year, the total value of goods exported hit MOP808.25 million.
As at the end of last month, some 622 local firms were holding Macau Service Supplier certificates, compared to 616 local firms recorded in May of this year.
The certificate allows local companies and enterprises to operate on the Mainland and enjoy zero tariff treatment.
The official data shows that the majority of certificate holders – 306 or 49 per cent of the total – were engaged in the transport industry, such as those operating freight forwarding agencies, and businesses related to logistics, storage and warehousing as well as transportation.
Following these firms, were those engaged in medical and dental services, accounting for 147 companies, or 24 per cent of the total certificate holders.