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A New Era for Distribution in China
Beginning of article
New laws finally allow foreign investors to trade and distribute
Restrictions on trade in goods and services across geographic boundaries and within China have long been some of the biggest obstacles to foreign investors' success in the country. China's commitments as part of its 2001 World Trade Organization (WTO) entry package included pledges to open these activities to foreign firms. But only this year has that promise become reality, as a result of two significant developments. On April 6, the Standing Committee of the National People's Congress enacted amendments to the PRC Foreign Trade Law. Just 10 days later, the Ministry of Commerce (MOFCOM) followed by issuing the …
