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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to Enterprises with Foreign Investment (WaiJingMaoZiFa [1991] No.372) shall be repealed.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.
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