BUSINESS China is pushing forward with export control law: MOFCOM

BUSINESS

China is pushing forward with export control law: MOFCOM

Global Times

18:04, December 03, 2020

Workers assemble cooking utensils at a company in Wuyi county, East China's Zhejiang Province on Tuesday. (File photo: cnsphoto)

China is actively advancing legislative work relating to enforcement measures of the country's new export control law, China's Ministry of Commerce (MOFCOM) said on Thursday.

Gao Feng, a MOFCOM spokesperson, said China is finalizing the scope of export restrictions which is expected to be released in the near future, adding that the current list of export restrictions remains in place.

According to the export control law, which came into force on Monday, if any foreign country or region abuses their export control measures and compromises China's national security and interests, China is obliged to take reciprocal counter-measures to safeguard China's own national interests.

Gao said that China will carry out necessary export restriction review in accordance with the international norms and standards in a bid to maintain legitimate rights and intellectual property of exporters.

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