Macau Travel Guide - Business

• GDP: US$10.7 billion (2005).
• Main exports: Clothing, textiles, footwear, toys and electronics.
• Main imports: Raw materials and semi-manufactured goods, consumer goods (food, drinks and tobacco), capital goods, mineral fuels and oil.
• Main trade partners: China (PR), Japan, Hong Kong, Singapore, USA and Taiwan.

Like Hong Kong, Macau has long been an important distribution outlet for Chinese products. Agriculture is negligible with few natural resources, but the territory has an active manufacturing and export sector. Macau recovered well after the Asian financial crisis and 2001 global downturn. Its economy has surged ahead thanks to gambling, its GDP topping 10% in 2006. Gaming receipts now outstrip even those of Las Vegas, and a massive casino resort construction boom is under way. The associated tourism has become a major income source. 

Sino-Portuguese agreement, under which Macau reverted to Chinese rule in December 1999, guarantees the continuation of Macau's economic autonomy for 50 years.

Businesspeople should dress smartly. Business cards are essential, appointments should be made in advance and punctuality is appreciated. The World Trade Center (tel: 2872 7666; website: www.wtc-macau.com) offers assistance and various facilities for businesses, including a VIP Club restaurant. 

Office hours: Mon-Fri 0900-1300 and 1500-1730 and Sat 0900-1230.

Major meetings venues include the Conference Centre at the University of Macau, the Forum multipurpose complex, the Tourist Activities and Conference Centre, Macau Cultural Centre and Landmark Macau hotel, with its unique ‘skyroof'. Most hotels have facilities. The newest convention venue is the conference centre in the Macau Tower, the world's 10th highest freestanding building (website: www.macautower.com.mo). It also features a revolving restaurant, entertainment area and shopping facilities.

Macau Chamber of Commerce
Edificio ACM, 5th Floor, Rua de Xangai, Macau (SAR)
Tel: 2857 6833.
Website: www.acm.org.mo