The Hong Kong government described the arrangement as being in accordance with the spirit of the New York Convention and broadly similar to existing arrangements on the same issue between Hong and the Mainland and Macau and the Mainland.

The arrangement will add certainty to the enforceability of Macau arbitral awards in Hong Kong and vice versa. Parties will be able to apply for enforcement of awards made in either jurisdiction, in the defaulting party's home courts or where that party's property is located.

The conclusion of this arrangement increases legal and judicial cooperation between Hong Kong and Macau, and will also enhance Hong Kong's position as a leading regional arbitration centre.