Expansion of Trading Rights for FIEs: Further Steps in China's WTO Accession

October 02, 2001 | BY

clpstaff &clp articles

As China prepares for final accession to the World Trade Organization (WTO), the PRC government has taken another step in liberalizing the trading rights…

As China prepares for final accession to the World Trade Organization (WTO), the PRC government has taken another step in liberalizing the trading rights of various types of foreign investment enterprises (FIEs). This welcome step comes in addition to the government's completion of amendments to the three major laws and implementing regulations governing equity joint ventures (EJVs), cooperative joint ventures (CJVs) and wholly foreign-owned enterprises (WFOEs) which eliminate provisions inconsistent with WTO regulations.



Trading Rights Expanded for FIEs

On July 2 2001, the PRC Ministry of Foreign Trade and Economic Cooperation (MOFTEC) issued the Questions Relevant to Expanding the Import and Export Rights of Foreign Investment Enterprises Circular  (关于扩大外商投资企业进出口经营权有关问题的通知) (the Circular), which expands the trading rights of FIEs as follows:

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