Market Access

Only the companies or institutions authorised by the Ministry of Foreign Trade and Economic Co-operation (MOFTEC) are allowed to carry out international operations. There are two possibilities: either companies of foreign trade or productive companies are entitled to trade on an international basis (import for their personal use conditioned by steady flows of export) . There are currently about 9, 000 companies authorised to carry out foreign trade operations in China (14 in 1979) .
More than half of the imports towards China are subject to import licenses. The initial license is issued by various organisations according to the product, but the final license is granted by the MOFTEC. In order to obtain these licenses, the importer must hold an exact reserve of exchange and prove that the import is necessary. The grant of licenses often depends on the domain of activity, being able to be encouraged, allowed, restricted or simply forbidden, according to the rule of investments promulgated by China. It is in any case imperative to have strong relations with the Chinese Administration to succeed in obtaining these licenses.

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