The Legislative Assembly (AL) yesterday passed a government-initiated bill which will enable Macau to implement the Kimberley Process Certification Scheme (KPCS), which then will allow the city to formally engage in the international trade in rough diamonds in line with international standards.
The bill will take effect on October 1.
The bill’s outline was passed during a plenary session of the legislature in April. The legislature’s Second Standing Committee held four meetings to review the bill, which aims to help Macau develop a rough diamond trade sector.
Secretary for Economy and Finance Lionel Leong Vai Tac addresses yesterday’s plenary session in the legislature’s hemicycle. – Courtesy: TDM
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