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China
Completes Rectification of WTO-related Laws
China
has completed the rectification of six laws, making them all
conforming to the rules of the World Trade Organization (WTO).
This was
announced by Zhang Chunsheng, deputy director of the Commission
of Legislative Affairs of the Standing Committee of the National
People's Congress (NPC), here Tuesday in an interview with
Xinhua.
The six
laws are: the Law on Chinese-Foreign Equity Joint Ventures,
the Trademark Law and the Copy Right Law that were revised
this year and the Law on Chinese-Foreign Contractual Joint
Ventures, the Law on Foreign-Capital Enterprises and the Patent
Law that were rectified last year.
The six
laws concern the use of foreign capital and the protection
of intellectual property.
The rectification
of the Law on Chinese-Foreign Equity Joint Ventures, the Law
on Chinese-Foreign Contractual Joint Ventures and the Law
on Foreign-Capital Enterprises won widespread welcome for
they massively eliminate the restrictions on foreign-invested
enterprises.
Zhang
said amending of such laws is in the spirit of the WTO and
represents the principles of "national treatment"
and "most-favored-nation clauses". "In the
meantime, this has adopted to the needs of the social-economic
development of China itself."
Before
rectification, the three laws regulate that foreign-invested
enterprises should buy raw materials and parts in the Chinese
market, their business plans should be reported to the governmental
departments and they should maintain the balance of foreign
currency.
The revised
Trademark Law has expanded the exclusive rights of trademark
to individual and improved relevant compensation measures.
The revised
Copy Right Law, however, has ensured the equal rights of Chinese
citizens with foreigners in terms of copy right protection.
Although
China has made arduous efforts in amending relevant laws,
there is still long way to go in making the administrative
laws and local regulations in line with the WTO rules, Zhang
said. (Xinhua News Agency December 25, 2001)
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