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China Trials Adjustments to Free Trade Zone Regulatory Environment

To improve the business environment, stimulate the market and speed up government reform, the 14th Session of the 13th Standing Committee of the National People’s Congress authorised the State Council to temporarily adjust the following legal provisions in the Pilot Free Trade Zones with effect from 1 December this year:

  • Cancellation of approval: Record-filing registration of foreign trade operators
  • Cancellation of approval: Recognition of qualifications from tractor driving schools and automobile driving schools
  • Cancellation of approval: Licensing of qualifications from firefighting technical service organisations
  • Record-filing to replace approval: Permit for food operations (only for the sale of pre-packaged foods)
  • Record-filing to replace approval: Registration of customs declaration enterprises
  • Compliance promise (by operator): Fire-safety inspection before a public-gathering venue goes into use
  • Approval services to be optimised: Granting of permits for the production and operation of forest grass seeds (import-export)

These will be implemented on a pilot basis for three years. If they prove to be workable, the State Council will propose changing the relevant law; if any are found to be unsuitable, the original law or regulation will come back into force after the trial period.

Source: National People’s Congress

Content provided by Picture: HKTDC Research
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