Decision of the Standing Committee of the National People’s Congress on amending the Foreign Trade Law of the People’s Republic of China on 30 December 2022 (adopted at the 38th Session of the Standing Committee of the 13th National People’s Congress on 30 December 2022)
The draft deleted Article 9 of the Foreign Trade Law, which states that “foreign trade dealers engaged in the import and export of goods or technologies shall register for the record with the authority responsible for foreign trade under The State Council or with the institutions entrusted by them; However, except those that are not required for record registration as stipulated by laws, administrative regulations and the authority responsible for foreign trade under The State Council. The specific measures for archival registration shall be formulated by the authority responsible for foreign trade under The State Council. If a foreign trade dealer fails to register for the record in accordance with relevant provisions, the customs shall not handle the formalities of declaration, inspection and release of import and export goods. Since then, enterprises engaged in import and export business will no longer go through the registration formalities of foreign trade managers, and they will automatically obtain the import and export right (they still need to go through the customs registration to obtain the declaration authority).
Post time: Apr-11-2023