China National Tourism Administration and Ministry of Commerce, Supplementary Provisions to the (Tentative Provisions for Establishment of Foreign-controlled and Wholly Foreign-owned Travel Agencies)
国家旅游局、商务部关于《设立外商控股、外商独资旅行社暂行规定》的补充规定
Date:
February 2006
CLP Reference: 5710/05.12.29
Promulgated: 29 December 2005
Effective: 01 January 2006
Keywords (click to search): [CEPA] [tourism industry]
Issued: December 29 2005
Effective: January 1 2006
Interpreting authority: China National Tourism Administration in conjunction with Ministry of Commerce
Main contents: The Supplementary Provisions lower the criteria for Hong Kong and Macao service providers to enter the mainland market: the annual trade volume in tourism of Hong Kong and Macao service providers establishing wholly-owned travel agencies and equity joint venture travel agencies in the mainland shall be at least US$25 million and US$12 million respectively (Article 1).
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