China's Foreign Trade Law Revised for WTO Era

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clpstaff &clp articles

The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but impose new intellectual property licensing barriers.

By Neal Stender, Matthew McConkey & Bi Xing, Coudert Brothers, Hong Kong, Beijing & Shanghai

New revisions to the PRC Foreign Trade Law (中华人民共和国对外贸易法)(the Law) will take effect on July 1 2004. The Law governs all cross-border transactions involving goods, technology or services, deregulates access to foreign trading rights, and addresses the roles of governmental authorities, foreign and domestic companies, state-operated trading entities, and trade associations.

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