New regulation against illegal export is likely to be issued by Chinese Commerce Department in this month.
This regulation will define the illegal export prices depending on different areas and markets.
The exporters who tend to move out of line will face serious penalty by way of RMB30,000 fine and will not be permitted to export for one year.
Local import and export chamber of commerce will bring to the notice of Chinese Commerce Department for investigating against the units that illegally export products.
However, experts felt that it would be very difficult to carry out the new regulation.
The illegal low-price exports action is very complicated and it is also very difficult to ascertain the illegal export price.
Fibre2fashion News Desk - China
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