China has been facilitating legislation in the fields of
intellectual property rights, trade in goods and services,
investment and transparency, to fulfill its commitments to the
World Trade Organization (
WTO).
An
official with the WTO Department under the Ministry of Foreign
Trade and Economic Cooperation (MOFTEC)
said that the nation will soon complete the revision of detailed
rules on trademark, copyright and drug administration, which is
expected to meet the Agreement on Trade-related Intellectual
Property Rights.
Sources with the MOFTEC said China has revised certain laws to
protect computer software and layout design in the past two years,
and is now drawing a set of regulations on foreign-invested
enterprises.
The laws cover a wide range of business, including foreign-
invested law firms, telecom companies, financial institutions,
insurance companies, international marine firms, Sino-foreign
distribution joint venture, and tourism agencies.
A
notification and consulting bureau with an authorized expert team
was established, to offer consulting services in relation to
China's trade in goods and services.
China has lowered its tariffs to 12 percent from 15.3 percent this
year and canceled quota license administration on grain and other
materials.
( May 4, 2002)