MOFTEC Delivers: Foreign Majority Ownership Permitted in International Freight Forwarding Companies

January 31, 2003 | BY

clpstaff &clp articles

Under new MOFTEC rules, foreign operators can now hold up to 75% ownership in international freight forwarding agency companies in China. The key question for such foreign operators is: how to best structure their operations so as to be in a position to take full advantage when wholly foreign-owned enterprises become available in less than three years' time?

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On December 11 2002 the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) issued theAdministration of Foreign-invested International Freight Forwarding Agencies Provisions (the New Provisions). The New Provisions became