China suspends registration system for firms engaged in foreign trade

Market entities will no longer be required to provide foreign-trade operator registration material while applying for import and export licenses, registration certificates of technology import and export contracts, quotas, state-owned trade qualifications and other relevant documents.

It is an important institutional innovation for the government to promote trade liberalisation and would help optimise the business environment, release the potential for foreign trade growth and promote high-quality trade development and high-level opening up, the ministry was quoted as saying by an official media outlet.

ALCHEMPro News Desk (DS)