The newly revised Foreign Trade Law of the People’s Republic of China will come into effect on March 1, 2024. This revision aims to further optimize the foreign trade business environment and enhance China’s institutional opening-up within the global trading system. Key updates include: strengthening support for fair trade by explicitly prohibiting discriminatory measures and ensuring equal participation for all market entities in international trade; improving trade remedy mechanisms to better protect domestic industries; incorporating provisions on emerging areas such as digital and green trade to align with evolving global trade norms; and streamlining foreign trade registration procedures to advance ‘streamlining administration, delegating power, and improving regulation and services’ (the ‘Fang Guan Fu’ reform), thereby reducing institutional transaction costs for businesses. Additionally, the revised law enhances intellectual property protection and encourages the development of small and medium-sized enterprises (SMEs) and cross-border e-commerce. This amendment reflects China’s commitment to high-standard openness and active participation in global economic governance, creating a more stable, transparent, and predictable legal environment for foreign trade enterprises and supporting the new development paradigm of dual circulation—domestic and international—anchored by a robust domestic economy.
《中华人民共和国对外贸易法》新修订版本将于2024年3月1日起正式施行。此次修订旨在进一步优化外贸营商环境，提升我国在全球贸易体系中的制度型开放水平。新法在多个方面作出重要调整：一是强化对公平贸易的支持，明确禁止歧视性措施，保障各类市场主体平等参与国际贸易；二是完善贸易救济机制，增强对国内产业的保护能力；三是新增数字贸易、绿色贸易等新兴领域内容，回应全球经贸规则新趋势；四是简化外贸经营备案程序，推动“放管服”改革落地，降低企业制度性交易成本。此外，新法还加强了对知识产权的保护，并鼓励中小企业和跨境电商发展。此次修法体现了我国坚持高水平对外开放、积极参与全球经济治理的决心，将为外贸企业创造更加稳定、透明、可预期的法治环境，助力构建以国内大循环为主体、国内国际双循环相互促进的新发展格局。
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