Core Viewpoint - The newly revised Foreign Trade Law of the People's Republic of China, effective from March 1, 2026, represents a significant overhaul aimed at enhancing the legal framework for foreign trade, particularly for small and medium-sized enterprises, and reflects China's commitment to high-level openness in international trade [1][3]. Group 1: Legislative Changes - The new law includes 11 chapters and 83 articles, establishing a negative list management system for cross-border service trade, indicating China's open attitude towards international service trade [3][5]. - The law aims to elevate previously successful reform measures to a legal status, enhancing the legal basis for cross-border service trade and ensuring better coordination with other relevant laws [6][4]. Group 2: Support for Trade Development - The law emphasizes the importance of promoting cross-border financial services, supporting digital trade development, and establishing a green trade system, which includes product standards and international cooperation [8][9]. - It recognizes the strategic position of green trade in China's foreign trade development, aiming to reduce global transition costs while enhancing international collaboration on green products [9][10]. Group 3: Support for SMEs - The law specifically supports small and micro enterprises in foreign trade by providing conveniences in regulation, financing, and foreign exchange settlement [12][13]. - It establishes a trade adjustment assistance system to support enterprises affected by trade remedy measures, enhancing their resilience against international trade challenges [13][14]. Group 4: Risk Management and Policy Stability - The law includes provisions for a warning and emergency mechanism to assess trade policies of relevant countries, allowing for timely responses to trade environment changes [14]. - It aims to enhance the stability and authority of policies related to cross-border service trade, ensuring a more transparent and predictable regulatory environment [5][6].
外贸“基本法”大修,跨境服务贸易纳入负面清单管理
证券时报·2026-01-11 13:10