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Saturday, July 7, 2012

U.S.-MACAU RELATIONS


FROM:  U.S. STATE DEPATMENT
U.S. Relations With Macau
Bureau of East Asian and Pacific Affairs
Fact Sheet
July 3, 2012

In 1999, Macau returned to Chinese sovereignty from Portuguese administration. Macau is a Special Administrative Region of the People's Republic of China. Its foreign relations and defense are the responsibility of China. However, China grants Macau considerable autonomy in economic and commercial relations. Macau is a separate customs territory and economic entity from the rest of China and is able to enter into international agreements on its own behalf in commercial and economic matters.

U.S. policy toward Macau is grounded in the U.S. Macau Policy Act of 1999 and reflects U.S. support for Macau’s autonomy under the “One Country, Two Systems” framework established in Macau’s Basic Law. The U.S. promotes trade and investment in Macau, supports broadening law enforcement cooperation, works to bolster academic, educational, and cultural links, supports official U.S. visitors to Macau, and serves the growing numbers of U.S. citizen residents and visitors in Macau. U.S. residents in Macau are estimated at over 4,000.

U.S. Assistance to Macau
The United States provides no foreign assistance to Macau.

Bilateral Economic Relations
In 2011, the United States accounted for 8.0% of Macau's exports and 6.0% of its imports. U.S. investment has played a leading role in the development of Macau’s gaming and entertainment sector. According to the most recent Macau Government statistics, U.S. direct investment in Macau totaled $2.2 billion at the end of 2010, although unofficial numbers put the figure between $8 billion and $10 billion. There are over 30 U.S. firms doing business in Macau.

Macau's Membership in International Organizations
Macau and the United States belong to a number of the same international organizations, including the World Trade Organization; the Egmont Group, an informal international gathering of financial intelligence units; and the Asia/Pacific Group on Money Laundering, a Financial Action Task Force-style regional body.

Bilateral Representation
The U.S. Government has no offices in Macau. U.S. interests are represented by the U.S. Consulate General in Hong Kong.