Core Viewpoint - The draft amendment to the Foreign Trade Law of the People's Republic of China has been submitted for review, focusing on the rapid development and diverse forms of international service trade [1] Group 1: International Service Trade - The draft amendment includes provisions for international service trade, acknowledging the difficulty in defining it uniformly due to its varied forms [1] - Suggestions have been made to clarify common service trade models, with recommendations to encourage various modes such as cross-border delivery, overseas consumption, commercial presence, and movement of natural persons [1] Group 2: Promotion of Foreign Trade - There are recommendations to enhance regulations that promote foreign trade, including the construction of a cross-border financial service system [1] - The draft supports the digital development of foreign trade, advocating for international recognition of digital certificates and electronic signatures to improve trade facilitation [1] - It also emphasizes the need for standards, certification, and labeling systems related to green trade products, as well as the development of a talent pool to support high-quality foreign trade [1]

Core Viewpoint - The newly revised Foreign Trade Law of China aims to establish a fair and just international economic and trade order, effective from March 1, 2026 [1] Group 1: Key Provisions of the New Law - The revised law consists of 11 chapters and 83 articles, emphasizing the construction of a strong trading nation [1] - It includes provisions for promoting international service trade through various models [1] - The law supports the enhancement of trade promotion platforms to improve their functions and service levels [1] Group 2: Focus on Trade Facilitation - The new law strengthens regulations related to foreign trade promotion, including the development of a cross-border financial service system [1] - It promotes international recognition of digital certificates and electronic signatures to enhance the digitalization and convenience of foreign trade [1] - The law encourages the establishment of product standards, certification, and labeling systems related to green trade [1] - It also supports the development of a talent pool for foreign trade [1]

Core Viewpoint - The draft amendment to the Foreign Trade Law emphasizes the promotion of digitalization in foreign trade, including international recognition of digital certificates and electronic signatures, to enhance trade facilitation [1] Group 1: Digitalization and Trade Facilitation - The draft includes provisions for state support in the digital development of foreign trade, aiming to improve the level of trade facilitation through international recognition of digital certificates and electronic signatures [1] - The amendment aims to clarify common service trade models, encouraging various modes of international service trade such as cross-border payments and overseas consumption [1] Group 2: High-Quality Development and Standards - The draft emphasizes the construction of product standards, certification, and labeling systems related to green trade, supporting high-quality development in foreign trade [1] - It includes provisions for the development of a talent pool for foreign trade, providing necessary support for high-quality trade development [1] Group 3: Fair Trade Practices - The draft reflects the central government's requirements for high-quality foreign trade development, promoting the construction of a strong trade nation and maintaining a fair and just international economic trade order [1] - It supports the enhancement of trade promotion platforms to improve functionality and service levels for foreign trade operators [1] Group 4: Penalty Regulations - The draft modifies penalty provisions for foreign trade operators, particularly for small and micro enterprises, by not setting a minimum fine amount, allowing authorities to apply penalties based on specific case circumstances [2]

Core Viewpoint - The draft amendment of the Foreign Trade Law is set for a second review, aiming to enhance regulations that promote the construction of a strong trading nation [1] Group 1: Key Modifications Proposed - The draft amendment will incorporate provisions to advance the construction of a strong trading nation, maintain a fair and just international economic trade order, and encourage various models of international service trade [1] - It will strengthen regulations related to foreign trade promotion, including the establishment of a cross-border financial service system, international recognition of digital certificates and electronic signatures, and the development of standards and certification systems related to green trade [1] - Legal responsibilities will be refined, with adjustments to penalty clauses to allow authorities to apply fines based on specific case circumstances without a minimum fine limit [1]