China lifts registration system for foreign trade authorisation

Xinhua: China’s commercial authorities have cancelled registration requirements for businesses engaged in foreign trade activities from December 30, 2022, following a revision of the country’s Foreign Trade Law, the Commerce Ministry said.

The authorities will no longer require market entities to provide foreign-trade operator registration materials in applying for import and export licences, 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 liberalisation. It would help optimise the business environment, release the potential for foreign trade growth and promote high-quality trade development and high-level opening up, the ministry said.