China Revises Foreign Trade Law for Strategic Export Control
China's National People's Congress approved revisions to the Foreign Trade Law, effective March 2026, enhancing control over strategic exports and modernizing trade frameworks. This move aligns with international standards for potential CPTPP membership.
Insights:
China's National People's Congress Standing Committee has approved significant revisions to the Foreign Trade Law, marking a pivotal shift in the country's trade strategy. The revisions, passed on December 27, 2024, will come into effect on March 1, 2026. These changes aim to expand government authority over strategic exports and regulate e-commerce platforms, while modernizing trade frameworks in digital, green, and intellectual property sectors to align with international standards. This legislative overhaul positions China to potentially meet the requirements for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
