China revising trade law to meet WTO requirement
( 2003-11-26 22:26) (Xinhua)
China's State Council held an
executive meeting Wednesday, to approve, in principle, the draft amendments to
the country's Foreign Trade Law and the provisions on customs protection of
intellectual property rights.
The revision of the Foreign Trade Law is aimed at meeting the situation and
demands after China joined the World Trade Organization (WTO) two years ago, in
order to develop foreign trade, protect the market order, and promote the
development of the country's socialist market economy, according to the meeting,
which was presided over by Premier Wen Jiabao.
The draft revision of the law will be handed to the Standing Committee of the
National People's Congress for approval, after the State Council adds some
amendments.
The draft revision of the provisions on the customs protection of
intellectual property rights will be issued by the State Council, after it makes
some amendments.
The participants also discussed the draft of the provisions on tollway
management. The draft will be published in newspapers and the Internet to seek
public opinion before it is promulgated by the State Council.
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