The Mainland and Macau Closer Economic Partnership Arrangement (CEPA), signed on October 17 2003, is a protocol similar to a free trade partnership in accordance with the provisions of the World Trade Organisation, and aims to strengthen economic and trade cooperation between mainland China and the Macau Special Administrative Region (MSAR), as well as to facilitate access to the mainland market to Macau Service Providers.
The Macau Special Administrative Region is a territory of the
People's Republic of China. The former Portuguese enclave was
established as a Special Administrative Region in December 1999....
CONTEXT AND TRENDS
Macau is the only region in China to have legalised gambling and its success has been clear to see, having developed into the largest gaming market in the world. In 2011 the revenue growth for casinos was an astounding 42%....