Meeting on the Local Regulation of the Foreign Investment Law in Shanghai Organised by the Shanghai Municipal Commission of Commerce

2020-04-15 | Shanghai

Meeting on the Local Regulation of the Foreign Investment Law in Shanghai Organised by the Shanghai Municipal Commission of Commerce

On 15th April, European Chamber representatives participated in legislative research held by the Shanghai Municipal Commission of Commerce (SCOFCOM) for the Regulation on Promoting Foreign Investment in Shanghai (Draft).  This is a draft local implementation document of the Foreign Investment Law on which the European Chamber provided extensive comments during the drafting process. Besides the SCOFCOM, participants included officials of the Shanghai Municipal Development and Reform Committee, Shanghai Justice Bureau and Shanghai Municipal People’s Congress Finance and Economic Committee. The European Chamber raised issues regarding market opening, the Encouraged Industry Catalogue for Foreign Investment, trade secret protection, public procurement, complaint mechanism, standards, and intellectual property rights protection. According to the officials, the draft regulation will be available for public comments in the next couple of months and finalised by the end of the year.