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The second China International Import Expo will be held in Shanghai next week. To this end, the EU said that the fair is an excellent opportunity to deal with the obstacles restricting China's business opportunities, so as to ensure the predictability and lasting improvement of business behavior. This is particularly important in the uncertain world. The EU stressed the importance of rapid, effective and substantial improvement of China's business environment.
"There's a lot of work ahead, and there's a real risk of commitment fatigue." In particular, with regard to the EU China comprehensive investment agreement that the two sides plan to reach in 2020, the EU urged China to show greater ambition and real efforts to achieve rebalancing and fair competition, according to a press release provided by the news and information service of the EU delegation to China later Friday.
The press release also pointed out that feedback from EU companies participating in the first EU fair last year showed that many companies had increased sales or met new potential buyers, "the EU welcomes every new business opportunity brought by trade fairs like the fair to EU Member States and EU enterprises."
The EU also pointed out some key market access barriers in China, including restrictions on foreign direct investment (FDI), subsidies and the role of state-owned enterprises, intellectual property protection and law enforcement, public procurement and government procurement agreements, as well as standards, conformity assessment and certification requirements.
At the same time, we should reduce the barriers caused by China's network security system, especially in cryptography, VPN use, cross-border data transmission and localization requirements, and ensure the market access of the fifth generation mobile communication network in a fair competitive environment.
The website of the Ministry of justice of China released the regulations on the implementation of the law on foreign investment (Draft for comments) on Friday evening, which is a supporting administrative regulation of the law on foreign investment to be implemented next year. It clearly protects the equal participation of foreign investors in standard setting, equally applies mandatory standards, equally participates in government procurement activities, and allows foreign-funded enterprises to publicly issue shares, bonds, etc. in China.


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