Macau

Abstract

Wikipedia Country Information

Macau (), also spelled Macao and officially the Macao Special Administrative Region of the People's Republic of China, is an autonomous region on the western side of the Pearl River estuary in East Asia. Macau is bordered by the city of Zhuhai in Mainland China to the north and the Pearl River Delta to the east and south. Hong Kong lies about 64 kilometres (40 mi) to its east across the Delta. With a population of 650,900 living in an area of 30.5 km2 (11.8 sq mi), it is the most densely populated region in the world. A former Portuguese colony, it was returned to Chinese sovereignty on 20 December 1999.
Macau was administered by the Portuguese Empire and its inheritor states from the mid-16th century until late 1999, when it constituted the last remaining European colony in Asia. Portuguese traders first settled in Macau in the 1550s. In 1557, Macau was leased to Portugal from Ming China as a trading port. The Portuguese Empire administered the city under Chinese authority and sovereignty until 1887, when Macau became a colony through a mutual agreement between the two countries. Sovereignty over Macau was transferred back to China on 20 December 1999. The Joint Declaration on the Question of Macau and Macau Basic Law stipulate that Macau operate with a high degree of autonomy until at least 2049, fifty years after the transfer.
Under the policy of "one country, two systems", the State Council of the People's Republic of China is responsible for military defense and foreign affairs while Macau maintains its own legal system, public security force, monetary system, customs policy and immigration policy. Macau participates in international organizations and events that do not require members to possess national sovereignty.
Macau is a resort city in Southern China, known for its casinos and luxury hotels. Its gaming revenue has been the world's largest since 2006, with the economy heavily dependent on gaming and tourism. According to The World Factbook, Macau has the fourth highest life expectancy in the world. Moreover, it has a very high Human Development Index, ranking 18th in the world as of 2014. Macau is among the world's richest regions and as of 2015 its GDP per capita by purchasing power parity is higher than that of any country in the world, according to the World Bank.
It is widely known as the pre-eminent gambling (or gaming) capital of the world, greatly dwarfing other gambling centers/cities.


Summary
Instruments ratified: 142 / 282
World Average Ratifications: 114 / 282
Ratification rate: 52.65%
World Average Rate: 41.25%
Weighted score: 59.03%
World Average Weighted Score: 41.25%
World rank: 42 / 194
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 2/3 (66.67%) 66.67% 18.00% 2 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 1/4 (25.00%) 21.43% 3.00% 1 Strong
Sale of Goods 1/5 (20.00%) 45.45% 25.00% 29 Strong
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 4 26.09% 9.00% 8 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 2/3 (66.67%) 100.00% 78.00% 1 Strong
Customs Cooperation 1/6 (16.67%) 33.33% 26.00% 71 Strong
Exemption from Duties 1/9 (11.11%) 11.11% 30.00% 109 Weak
Temporary Admission 3/11 (27.27%) 32.35% 28.00% 66 Strong
Transit 0/4 0.00% 28.00% 98 Weak
Total 7 26.09% 31.00% 93 Weak
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 1/6 (16.67%) 25.00% 32.00% 86 Weak
Judicial cooperation 4/5 (80.00%) 84.21% 36.00% 27 Strong
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 5 42.00% 29.00% 51 Strong
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 5/5 (100.00%) 100.00% 86.00% 1 Strong
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 8/10 (80.00%) 78.26% 68.00% 44 Strong
Foodstuff 1/2 (50.00%) 37.50% 79.00% 136 Weak
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 17/26 (65.38%) 70.65% 46.00% 38 Strong
Protected geographical areas 1/1 (100.00%) 100.00% 27.00% 1 Strong
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 35 76.56% 61.00% 31 Strong
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 2/3 (66.67%) 54.55% 20.00% 5 Strong
Total 2 14.63% 12.00% 52 Strong
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 2/4 (50.00%) 66.67% 50.00% 34 Strong
Cultural Property 3/4 (75.00%) 81.25% 54.00% 21 Strong
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 1/2 (50.00%) 62.50% 80.00% 112 Weak
Total 9 78.85% 68.00% 45 Strong
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 1/1 (100.00%) 100.00% 39.00% 1 Strong
International Trade Law 10/10 (100.00%) 100.00% 73.00% 1 Strong
Trade support institutions 5/6 (83.33%) 83.33% 51.00% 29 Strong
Total 16 94.12% 63.00% 22 Strong
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 0/1 0.00% 47.00% 93 Weak
Copyright 3/3 (100.00%) 100.00% 65.00% 1 Strong
Industrial designs 1/2 (50.00%) 37.50% 31.00% 64 Strong
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 2/3 (66.67%) 61.54% 46.00% 73 Strong
Origin 0/3 0.00% 14.00% 51 Weak
Patents 4/5 (80.00%) 85.71% 57.00% 30 Strong
Trademarks 3/6 (50.00%) 50.00% 33.00% 54 Strong
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 14 58.95% 42.00% 55 Strong
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 1/1 (100.00%) 100.00% 24.00% 1 Strong
Timber 1/1 (100.00%) 100.00% 31.00% 1 Strong
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 3 100.00% 53.00% 1 Strong
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 3/7 (42.86%) 61.90% 59.00% 95 Weak
Aircrafts and civil aviation 5/9 (55.56%) 68.00% 74.00% 134 Weak
Maritime shipping and load lines 11/13 (84.62%) 94.29% 66.00% 11 Strong
Maritime transport 5/12 (41.67%) 37.50% 27.00% 46 Strong
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 3/4 (75.00%) 83.33% 40.00% 16 Strong
Telecommunications 1/2 (50.00%) 83.33% 47.00% 26 Strong
Total 28 55.41% 50.00% 80 Strong
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 1/4 (25.00%) 41.67% 30.00% 41 Strong
Total 1 41.67% 30.00% 41 Strong
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Contracts Procurement
Contracts Sale of Goods
Customs Customs Codification
Customs Customs Cooperation
Customs Temporary Admission
Dispute resolution Judicial cooperation
Environment and products Air
Environment and products Chemicals
Environment and products Flora and fauna
Environment and products Maritime and Law of the Sea
Environment and products Protected geographical areas
Finance, payments and insolvency International guarantees
Good Governance Corruption
Good Governance Cultural Property
Human Rights and Labour Standards Labour Standards
Institutional Participation Dispute Resolution
Institutional Participation International Trade Law
Institutional Participation Trade support institutions
Intellectual property Copyright
Intellectual property Industrial designs
Intellectual property Neighboring Rights
Intellectual property Patents
Intellectual property Trademarks
Intellectual property Varieties of plants
Investments Investment disputes
Products Marine Resources
Products Timber
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Maritime transport
Transport and telecommunications Space
Transport and telecommunications Telecommunications
Treaties law General
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Travel contracts
Customs Exemption from Duties
Customs Transit
Dispute resolution Arbitration
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Energy
Environment and products Foodstuff
Environment and products General
Environment and products International watercourses
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Good Governance Drugs
Good Governance Insider Trading
Good Governance Organized crime
Human Rights and Labour Standards Human rights
Intellectual property Broadcasting
Intellectual property Integrated circuits
Intellectual property Origin
Investments Investment guaranty
Products General
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
WTO Plurilateral Agreements
Instruments ratifications

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