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The economy of Macau is a highly developed market economy. Macau's economy 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.
CEPA is a free trade agreement pursuant to which qualifying products, companies and residents of Macau enjoy preferential access to the mainland Chinese market. Many of the preferences surpass the concessions made by China upon its accession to the World Trade Organization.
If the application is approved by the relevant government body in Macau, a “Temporary Residency Card” will be issued to the applicant. This Temporary Residency Card will be valid for a maximum period of 18 months, if the application is under the category of investment project; or 3 years for other types of applications.
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The Secretary for Economy and Finance (Chinese: 經濟財政司; [1] Portuguese: Secretariado para a Economia e Finanças) [2] is a department of the Macau Government.The Secretariat is responsible for economic, financial and labour affairs in Macau and the region's economic co-operations with mainland China.