Macau has adopted a unique trade policy framework combining elements of the Chinese mainland and international trade practices. This framework fosters economic growth and development while ensuring compliance with international trade rules.
Certain goods and technologies require import or export licenses issued by the Macau Trade and Economic Development Bureau (TDEC) but can require intensive paperwork. The import and export of dual-use goods are also subject to more specific regulations, including certain permits and licenses.
Macau imposes limited tariffs and customs duties on imported goods. However, the applicable tariff rates depend on the item’s Harmonized System (HS) code and Country of Origin. Certain products require certification before they can be imported into Macau.
Macau has a relatively open trade policy. However, there are some exceptions to this general rule. Consequently, it does not have any unilateral embargoes in place. However, it does comply with the export controls of the United Nations Security Council and the Wassenaar Arrangement on Export Controls for Dual-Use Items. These export controls restrict the export of certain goods and technologies to countries under embargo or that threaten international peace and security.
Additionally, it has signed several trade agreements with other countries and regions. The territory also has informal trade relations with several other countries and regions. These informal trade relations are often based on historical ties or cultural similarities.