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China
Strives to Meet WTO Challenges
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 recently by Zhang Chunsheng, deputy director of
the Commission of Legislative Affairs of the Standing Committee
of the National People's Congress (NPC).
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 copyright 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.
WTO Entry
to Challenge China's Administration System
China's
entry into the WTO will lead to great changes in its administration
system, said Yang Jingyu, director of the Legal Affairs Office
under the State Council, Saturday. Entering the World Trade
Organization (WTO) poses a major challenge to the government's
capability in administrative control, as the new rules differ
greatly from the present ones.
The government
should concentrate more on economic regulation, market supervision
and public service, while reducing administrative examination
and approval in the economic field, Yang said at a lecture
on the legal system held during the 25th session of the Standing
Committee of the National People's Congress.
According
to him, China has been working to revise administrative rules
and regulations so that they conform to WTO rules and China's
commitments to the international community on its WTO entry.
After
the accession, 25 of the 30 government administrative regulations
which need drafting or amending have been completed while
12 others have been abolished.
The implementation
of 36 State Council documents on administration will be stopped
very soon, he disclosed.
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