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13 July 2005
Joint issue of State Administration of Commerce and the General
Administration of Customs
Shangziji [2005] issue no. 76
State Administration
of Commerce and the General Administration of Customs have jointly
issued "Circular on Issues regarding the Administration of
Trading Operation in Free Trade Zones ("FTZs") and Bonded
Logistics Park (BLPs)". The main contents are as follows:
1. Enterprises and individuals
registered in FTZs and BLPs can apply for trading rights and distribution
rights according to related regulations.
2. Foreign trade operators in the districts have to obey the related
laws.
3. Setting up of company in the districts must comply with state's
business policy.
4. Existing customes, foreign exchange and tax policies governing
trading activities between FTZs and BLPs and non-FTZ areas will
continue to apply.
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