Laws of the People's Republic of China

The Ministry of Foreign Trade and Economic Cooperation

Announcement of the Ministry of Foreign Trade and Economic Cooperation on 2002 Import Quota Level of the Electromechanical Products and Other Relevant Issues

[2002] No.7

January 31, 2002

In line with Decree [2001] No.10 of the Ministry of Foreign Trade and Economic Cooperation, the General Administration of Customs and the State Quality Supervision Administration of the People's Republic of China, 2002 import quota level of the electromechanical products and other relevant issues are hereby publicized as follows:

I.

2002 import quota level of electromechanical products:

1.

cars and their key components: US$79.35 billion

2.

motorcycles and their key components: US$380 million

3.

car lifts and chassis: US$120 million

4.

cameras: US$133 million

5.

watches: US$482 million

See the Catalogue of Electromechanical Product Import Quota for the Specific Tax Items of the above Products.

II.

The time period for accepting application for 2002 electromechanical product import quota is from February 1, 2002 to February 28, 2002.

III.

The units accepting the application for 2002 electromechanical product import quota are the Ministry of Foreign Trade and Economic Cooperation and its authorized institutions.

IV.

See Decree No.23, 2001 of the Ministry of Foreign Trade and Economic Cooperation and the General Administration of Customs of the People's Republic of China for the application procedures and distribution principles of electromechanical product import quota.

The announcement is hereby specially given.