Mainland And Macau Closer Economic Partnership Arrangement
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Mainland And Macau Closer Economic Partnership Arrangement
The Mainland and Macau Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, is an economic agreement between the Government of the Macau Special Administrative Region and the Central People's Government on October 18, 2003. A similar agreement, known as the Mainland and Hong Kong Closer Economic Partnership Arrangement, was signed between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on June 29, 2003. Regular supplements with further liberalisations have been signed between the Mainland and Macau governments. The most recent, Supplement VIII (also referred to as CEPA VIII), was signed in December 2011 and enters into effect on 1 April 2012. The two agreements and additional supplements were signed in the Chinese language. The Chinese text is therefore the authoritative text. General features CEPA is a free trade agreement pursuant to whi ...
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Macau Government
The Government of the Macau Special Administrative Region (; Portuguese: Governo da R.A.E. de Macau; conventional short name Macau Government, 澳門政府, Governo de Macau), are headed by secretariats or commissioners and report directly to the chief executive. The affairs of the government are decided by secretaries, who are appointed by the chief executive and endorsed by the State Council of the Central People's Government in Beijing. As a special administrative region of China, Macau has a high degree of autonomy, in light of the "One Country, Two Systems" policy. The Macau Government, financially independent from the Central People's Government, oversees the affairs of Macau. Head of government The chief executive is responsible for the administration of Macau. The affairs of the government are decided by secretariats, who are appointed by the chief executive and endorsed by the State Council of the Central People's Government in Beijing. The office of chief executiv ...
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Economy Of Macau
The economy of Macau has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods. Although Macau was hit hard by the 1997–98 Asian financial crisis and the early 2000s recession, its economy grew approximately 13.1% annually on average between 2001 and 2006. Macau is a full Member of the World Trade Organization. Public security has greatly improved after handover to the People's Republic of China. With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 years of free education to all Macau citizens. In 2015, Macau's economy saw a sharp decrease (-26.4% year-on-year in Q2 2015) due t ...
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Treaties Of The People's Republic Of China
A treaty is a formal, legally binding written agreement between actors in international law. It is usually made by and between sovereign states, but can include international organizations, individuals, business entities, and other legal persons. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms. However, only documents that are legally binding on the parties are considered treaties under international law. Treaties vary on the basis of obligations (the extent to which states are bound to the rules), precision (the extent to which the rules are unambiguous), and delegation (the extent to which third parties have authority to interpret, apply and make rules). Treaties are among the earliest manifestations of international relations, with the first known example being a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in so ...
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Treaties Concluded In 2003
A treaty is a formal, legally binding written agreement between actors in international law. It is usually made by and between sovereign states, but can include international organizations, individuals, business entities, and other legal persons. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms. However, only documents that are legally binding on the parties are considered treaties under international law. Treaties vary on the basis of obligations (the extent to which states are bound to the rules), precision (the extent to which the rules are unambiguous), and delegation (the extent to which third parties have authority to interpret, apply and make rules). Treaties are among the earliest manifestations of international relations, with the first known example being a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in so ...
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Free Trade Agreements Of China
Free may refer to: Concept * Freedom, having the ability to do something, without having to obey anyone/anything * Freethought, a position that beliefs should be formed only on the basis of logic, reason, and empiricism * Emancipate, to procure political rights, as for a disenfranchised group * Free will, control exercised by rational agents over their actions and decisions * Free of charge, also known as gratis. See Gratis vs libre. Computing * Free (programming), a function that releases dynamically allocated memory for reuse * Free format, a file format which can be used without restrictions * Free software, software usable and distributable with few restrictions and no payment * Freeware, a broader class of software available at no cost Mathematics * Free object ** Free abelian group ** Free algebra ** Free group ** Free module ** Free semigroup * Free variable People * Free (surname) * Free (rapper) (born 1968), or Free Marie, American rapper and media personality ...
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2003 In Macau
Events from the year 2003 in Macau, China. Incumbents * Chief Executive - Edmund Ho * President of the Legislative Assembly - Susana Chou Events March * 21 March - The opening of Heritage Exhibition of a Traditional Pawnshop Business in Sé. * 28 March - The inauguration of Macau Olympic Aquatic Centre in Taipa. April * 8 April - The inauguration of Coloane B Power Station in Coloane. References {{Asia topic, 2003 in Years of the 21st century in Macau Macau Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ... 2000s in Macau ...
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2003 In China
Events in the year 2003 in China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and .... Incumbents * General Secretary of the Communist Party of China, Party General Secretary - Hu Jintao * President of the People's Republic of China, President – Jiang Zemin to March 15, Hu Jintao * Premier of the People's Republic of China, Premier – Zhu Rongji to March 16, Wen Jiabao * Vice President of the People's Republic of China, Vice President – Hu Jintao to March 15, Zeng Qinghong * Vice Premier of the People's Republic of China, Vice Premier – Li Lanqing to March 6, Huang Ju * Chairman of the Standing Committee of the National People's Congress, Congress Chairman - Li Peng to March 15, Wu Bangguo * Chairman of the National Committee of the Chinese People's Political Consultative Conf ...
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