Laws of the People's Republic of China

The Ministry of Foreign Trade and Economic Cooperation

Circular of the Ministry of Foreign Trade and Economic Cooperation on Amending Some Rules and Regulations Concerning Enterprises with Foreign Investment

WaiJingMaoZiTongJinHan [2001] No.934

October 12, 2001

Foreign Trade and Economic Cooperation Committees (Departments, Bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan:

Some enterprise with foreign investment import management documents have been amended according to requirements for consolidating the regulations and rules of this Ministry with a view to get preparation for the entrance to the WTO, and the detailed amendment is circulated as follows:

1.

Regulatory provisions concerning import of sugar, vegetable oil and woolen for processing trade as stipulated in the Interim Measures on Import Quota Control of Processing Trades Using Sugar, Cotton, Vegetable Oil and Woolen as Raw Materials by Enterprises with Foreign Investment (WaiJingMaoZiFa [1997] No. 810) have been suspended according to Document No. 35 of the State Council. Regulations on import management of processing trade of cotton shall remain to be effective.

2.

Article 2 of the Circular on Relevant Matters Concerning the Examination and Approval of Paper Product Processing Trade by Enterprises with Foreign Investment (WaiJingMaoZiSanHanZi [1998] No.125) shall be amended as follows: The bank guaranty account system carried out in the processing trade stipulated in the Guide Catalog of Foreign-funded Industries (GuoHan [1995] No.109) and relevant adjustments on processing trade policies stipulated in the Document GuoFa [1999] No. 35, the State Council, shall be the main criteria in the examination and approval of paper product processing trade projects or businesses by enterprises with foreign investment.

3.

Article 3 of the Circular on Relevant Matters Concerning Strictly Examining, Approving and Issuing the Import and Export Permission to Enterprises with Foreign Investment (WaiJingMaoZiFa [1991] No.372) shall be repealed.

4.

Provision that "the export scale of commodities subject to export licenses available on the basis of export contracts in the export business of enterprises with foreign investment according to shall not be subject to examination and ratification" shall be added into the Circular on Reaffirming Using Foreign-funded Projects to Apply for Export Quota and Permission (WaiJingMaoErZi [1987] No.134).

This is the notification.