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Thursday, December 03, 2020 9:23:32 AM
China’s export control list not yet complete
Published date: 03 December 2020
China is still working on the details of its export control law, which took effect on 1 December, and the final list of commodities that could be affected is yet to be completed, the commerce ministry (Mofcom) said.
The legislation underpinning regulations that support the law is still a work in progress, Mofcom said today.
"We will carry out export control in strict accordance with the law and internationally-accepted practices, and earnestly protect the legitimate rights and interests of exporters, including intellectual property rights. Foreign-funded enterprises have nothing to worry about," a Mofcom spokesman said at a press briefing today.
The export control law covers military, nuclear and other goods, as well as technologies, services and other "controlled items" related to safeguarding national security. The law was approved by the national people's congress on 19 October and took effect on this month.
The law's focus on controlling exports of military and technological items raises the prospect that it could affect products such as rare earths and other metals used in sensitive technology applications, either in themselves or through finished/semi-finished products.
China's overseas shipments of rare earths are continuing as normal, according to officials at major exporters, which have received no official notification that rare earths have been included in the control list. China is the world's dominant supplier of rare earths.
Chinese rare earth exports fell by 28pc from a year earlier during January-October as a result of lower demand during the global Covid-19 pandemic. Exports slumped to a more than five-year low in July but started to rebound in August."
https://www.argusmedia.com/en/news/2165585-chinas-export-control-list-not-yet-complete?amp=1
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