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

January 31, 2006 | BY

clpstaff &clp articles

Issued: December 29 2005Effective: January 1 2006Interpreting authority: China National Tourism Administration in conjunction with Ministry of CommerceMain…

Clp Reference: 5710/05.12.29 Promulgated: 2005-12-29 Effective: 2006-01-01

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).
Related legislation: Supplement II to the Mainland and Hong Kong Closer Economic Partnership Arrangement; Supplement II to the Mainland and Macao Closer Economic Partnership Arrangement and Tentative Provisions for Establishment of Foreign-controlled and Wholly Foreign-owned Travel Agencies, Feb 17 2005, CLP No.3 p.15

clp reference:5710/05.12.29
promulgated:2005-12-29
effective:2006-01-01

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