The long-waited Export Control Law of the People's Republic of China was passed on October 17, 2020, and will be effective as of December 1, 2020, which ushers a new era of the export control regime in China. It only costs approximately 10 months from the first deliberation to enactment. The speedy legislation procedure of the Export Control Law highlights the significance of this Law and indicates a high likelihood of proactive enforcement actions in the near future. It is essentially important for the multinational companies operating in China to understand how to do the business in compliance with the Chinese Export Control Law. This guidance will give a comprehensive landscape of the export control regime in China by introducing the scope of controlled items, control policies and measures, the authorities and legal liabilities for various violations. It also elaborates step-by-step guidance on how to export controlled items in a standalone chapter, and from a practical perspective, points out the key issues in establishing an export compliance program. It is expected to provide suggested practice not only for companies engaging in cross-border trade, but also for those who are operating in high-tech or other sensitive industries.
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