Relevant State Agencies Will Conduct a Joint Annual Inspection on Foreign Invested Enterprises

The Ministry of Foreign Trade and Economic Coop-eration (MOFTEC),the State Administration forIndustry and Commerce (SAIC),the State Economicand Trade Commission (SETC),the Ministry of Finance(MOF),the State Administration for Exchange Control(SAEC),the State Taxation Bureau (STB) and the GeneralCustoms Administration (GCA) (hereinafter referred to asCompetent Joint Annual Inspection Agencies) have jointlyissued a circular a few days before which stipulates that,from the year 1997 onwards,a joint annual inspection willbe conducted on FIEs in order to further improve and stan-dardize China’s investment environment,lessen the burdenson the shoulders of enterprises and enhance the level of ad-ministration over FIEs.

New Category List of Import and Export Commodities Subject to Inspection Implemented by State Administration of Import and Export Commodity Inspection

In light of the needs of China’s foreign economic and trade development and the regulations of the Law of Commodity Inspection, the State Administration of Import and Export Commodity Inspection issued a readjusted Category List of Import and Export Commodities Subject to Inspection Implemented by the Institutions of Commodity Inspection, and it is implemented officially on July 1, 1995. The new category list is compiled on the classified basis of the Commodity Names and Code Coordination System used widely around the world. The commodity code and name are identical to the Commodity List of the Custom Statisticsrelating to which there are 2。