China lifts registration system for foreign trade authorization
Source: Xinhua | 2023-01-04 | Editor:Lexi
China's commercial authorities have canceled registration requirements for businesses engaged in foreign trade activities from Dec. 30, 2022, following a revision of the country's Foreign Trade Law, the Ministry of Commerce said.
The authorities will no longer require market entities to provide foreign-trade operator registration materials in applying for import and export licenses, registration certificates of technology import and export contracts, quotas, state-owned trade qualifications, and other relevant documents.
The change is a significant reform measure in foreign trade management, the ministry said.
It is an important institutional innovation for the government to promote trade liberalization. It would help optimize the business environment, release the potential for foreign trade growth, and promote high-quality trade development and high-level opening up, the ministry said.
You May Like
-
Xinhua Headlines: Top 10 China news stories of 2022
As 2022 is coming to an end, Xinhua News Agency has picked 10 news stories that captured some of the most important events in China over the year. Let's go over...
InKunming 2022-12-30 -
China adjusts tariff plan to include more items
China has decided to adjust its tariff plan for 2023 and expand the number of tariff items in line with the need for industrial development and technical adva...
InKunming 2022-12-30 -
Major Chinese power transmission project now fully operation...
China has put into full operation a major domestic power transmission project that sends electricity from the resource-rich west of the country to energy-consum...
InKunming 2022-12-30 -
China plans to expand national park system
China has selected 49 candidate areas for building national parks, in order to better protect wildlife species and their habitats. This is according to a spat...
InKunming 2022-12-30 -
Trade between China, other RCEP members up 7.9 pct in first ...
Trade between China and the other members of the Regional Comprehensive Economic Partnership (RCEP) has sustained rapid growth since the trade agreement took ef...
InKunming 2022-12-30 -
Economic Watch: Chinese provinces boost China-Africa economi...
Although the next China-Africa Economic and Trade Expo is still six months away, an economic and trade delegation from central China's Hunan Province has finish...
InKunming 2022-12-30 -
China to downgrade COVID-19 management to Class B
China will downgrade management of COVID-19 to Class B and cancel quarantine requirements on inbound travelers from Jan. 8, 2023, China's top health authority a...
InKunming 2022-12-29 -
China works to vitalize market entities
As China optimized its epidemic response measures and enhanced efforts to help enterprises tide over difficulties, the country has witnessed higher efficiency i...
InKunming 2022-12-29 -
Stay stable -- China combines tools to navigate 2022 economi...
China, the world's second-largest economy, has experienced an unusual journey in 2022, a year featuring "factors exceeding expectations" that tested the decis...
InKunming 2022-12-29 -
Traditional Chinese culture wins hearts of young people worl...
Thanks to the country's protective efforts, traditional Chinese culture today is shining with a new vitality, which is not only increasingly appealing to younge...
InKunming 2022-12-29
