China mulls adjusting implementation of laws for cutting red tape in FTZs

Xinhua
China is considering adjusting the implementation of six laws to facilitate red tape-cutting reforms in pilot free trade zones as the top legislature started its bimonthly session.
Xinhua

China is considering adjusting the implementation of six laws to facilitate red tape-cutting reforms in pilot free trade zones as the top legislature started its bimonthly session on Monday.

The Standing Committee of the National People's Congress heard a report on a draft decision that will allow the State Council to temporarily adjust the implementation of laws regarding road traffic safety, foreign trade, fire prevention, food safety, customs, and seeds in pilot FTZs.

The adjustments are expected to be carried out on a trial basis within three years to promote the reforms on separating permits from business licenses in the country's 18 pilot FTZs, which are likely to begin on December 1.

The draft decision aims to fully implement a list-based approach in managing all business operation approvals and will streamline administrative approval procedures to make it easier to start businesses in the pilot FTZs.

The legislative session will run from October 21 to 26.

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