Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 8 (Xinhua) — Chinese lawmakers on Monday began reviewing a draft amendment to the Foreign Trade Law that includes a series of reform measures.
The draft, consisting of 80 articles in 11 chapters, was submitted for consideration to the ongoing session of the Standing Committee of the National People's Congress (NPC) in Beijing.
The draft amendments aim to incorporate numerous reform measures into the law, including a negative list management system for cross-border trade in services, promoting the development of new business forms and new models in foreign trade, encouraging the development of digital trade, and accelerating the establishment of a “green” trading system, in order to ensure their effective implementation.
In order to further optimize the conditions for the development of foreign trade, the project pays special attention to strengthening the protection of intellectual property rights related to foreign trade and the formation of a system of assistance in regulating trade to stabilize production chains and supply chains.
The draft amendments also provide for the creation and improvement of mechanisms for diversified dispute resolution in foreign trade. -0-
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