New developments for China's Foreign Trade Companies inside the Yantian and Futian Free Trade Zones and Bonded Logistics Parks

by Susan Wang, Senior Associate, Dezan Shira & Associates, Shenzhen

The Notice on Relevant Issues in the Administration of Foreign Trade in Free Trade Zones and Bonded Logistics Parks was issued on July 13, 2005 and clarified that trade companies inside the Yantian & Futian FTZs may apply to the Ministry of Commerce for foreign trade and distribution rights. Since the first of March, the approval right has been decentralized. Hence, Shenzhen BOFTEC is able to approve the application of adding foreign trade and distribution rights, raised by foreign trade companies inside the Yantian & Futian FTZ.

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This article included in China Briefing Magazine

June 2007: Upgrading Your China Entity

Other articles in this issue: Central China VAT reform by Edward Ma, Manager, Corporate Accounting Services, Dezan Shira & Associates, Beijing Shenyang European Union Economic / Technical Development Zone by Lina Wang, Senior Associate, Business Advisory Services, Dezan Shira & Associates, Dalian Hangzhou tax incentives for landlords on rental of real estate by Nicole Yao, Associate, Corporate Accounting Services, Dezan Shira & Associates, Hangzhou Developments along the Yangtze River by Olaf Griese, Senior Business Development Associate, Dezan Shira & Associates, Shanghai Growing importance of an environmental evaluation reports in Guangdong by Rosario Di Maggio, Senior Associate, Dezan Shira & Associates