China revises foreign trade law to safeguard national interests
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CHINA’S legislature approved revisions to the country’s foreign trade law, incorporating provisions to safeguard national sovereignty, security and development interests, state-run Xinhua News Agency reported Saturday (Dec 27).
The revisions also strengthen intellectual property rights and establishes a trade adjustment assistance system to stabilise supply chains, the report said.
China is overhauling the law to enhance competitiveness and drive the development of high-quality foreign trade amid escalating global tensions and evolving norms.
The revised law, which will take effect on Mar 1, 2026, marks the second major revision since its enactment in 1994, according to Xinhua. BLOOMBERG
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