China's Proposed Export Control Law (ECL): What it Means for Business
China's Ministry of Commerce (MOFCOM) published the draft Export Control Law for public comments via a circular on 16th June 2017. If enacted, the China's new Export Control Law will be the first set of comprehensive and unified export control legislation in China, which is aimed at upgrading the country's existing regime consisting of various administrative regulations and rules.
In March 2019, the State Council issued its legislative proposal for 2018. Amongst the proposed bills for submission to the Standing Committee of the National People’s Congress this year is the Export Control Law. There is no guarantee that this bill will be passed into law this year but it is high on China’s priority list and is widely expected to be enacted within the calendar year.
The European Union Chamber of Commerce in China welcomes Courtney Zhou, Consultant at Control Risks and Baker McKenzie to discuss the the latest development of China’s proposed Export Control Law, how the respective lists may be enacted in the continuing trade war, and how business with China be affected by this control scheme.