In the 16th Century China gave Portugal the right to establish a colony on Macau in exchange for clearing the area of pirates. Macau was the first European settlement in the Far East. It was also the last, when pursuant to an agreement signed by China and Portugal in 1987, Macau became the Macau Special Administrative Region (SAR) of China on 20 December 1999, ending over 400 years of Portuguese administration.
China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be practiced in Macau and that Macau will enjoy a high degree of autonomy in all matters except foreign and defense affairs.
Like the Hong Kong SAR, Macau has its own government, passports, visas, postal system and currency.
China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be practiced in Macau and that Macau will enjoy a high degree of autonomy in all matters except foreign and defense affairs.
Like the Hong Kong SAR, Macau has its own government, passports, visas, postal system and currency.
