NOTIFICATION
OF CHANGES AFFECTING THE IMPLEMENTATION
OF A REGIONAL TRADE AGREEMENT
Addendum
The following
communication, dated 6
December 2024, has been received from the Delegations of China and Macao, China.
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1.
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Member(s) notifying: China and Macao, China
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2.
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Date of notification: 6
December 2024
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3.
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Notification pursuant to:
[X] Paragraph 14 of the Transparency Mechanism for Regional Trade Agreements
(WT/L/671)
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4.
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Changes affect:
[ ] goods
[X] services
[ ] both
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5.
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Original RTA
being modified:
Mainland and Macao Closer Economic Partnership
Arrangement Agreement on Trade in Services (hereafter referred to as
"CEPA Agreement on Trade in Services")
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6.
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WTO document reference of original notification of RTA:
S/C/N/265/Add.9
and WT/REG163/N/1/Add.9
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7.
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Parties to the Agreement: China and Macao, China
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8.
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Date of adoption: 10 October 2024
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9.
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Date(s) of entry into Force/provisional-application: 10 October 2024
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10.
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Brief description of the changes:
The Second Agreement
Concerning Amendment to the CEPA Agreement on Trade in Services eliminates
the three-year substantive business operation requirement for most service
sectors, providing Macao service providers with easier access to the Mainland
market. Additionally, it introduces pilot initiatives in the Guangdong-Hong
Kong-Macao Greater Bay Area and includes expanded liberalization measures in
sectors such as high-tech, financial services, and audio-visual culture.
Moreover, it grants professionals in fields like construction and
engineering, accounting, medical care, and education facilitative entry
conditions into the Mainland of China, empowering Macao service providers to
capitalize on their professional strengths and pursue business growth
opportunities in the Mainland of China. The Second Amendment Agreement came
into effect on the day of signing (i.e. 10 October 2024) and will be
implemented on 1 March 2025.
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11.
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Text and
related schedules, annexes and protocols are:
[ ] submitted
to the WTO Secretariat (electronic format)
[X] available
from the following official Internet link(s):
https://www.dsedt.gov.mo/zh_MO/web/public/pg_cepa_cepa_aacs2#
http://tga.mofcom.gov.cn/ndygagyjlgjmjmgxdapCEPA/index.html
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