China trade compliance regulations: Why the new laws matter to you
The long-awaited laws from China have been passed in September and October 2020. These new regulations may affect companies around the globe and call for full compliance. What are the new laws about, who do they apply to, and what are businesses required to do? Here you can find out more. And how AEB software keeps your business safe and ensures China trade compliance.
The new law: China's first formal Export Control Law
Who is affected by the new law and does it apply to you?
All companies, organizations, and individuals that export controlled items from China as well as Chinese citizens, legal persons or non-legal-person organizations that provide controlled items to foreign entities are required to comply with this first-ever dedicated law on export controls as of December 1, 2020.
"Controlled items" can refer to many things and range included in China's new law is very broad. It is important to understand which goods, technologies, and activities may be affected. Read more about the new China ECL to find out what the new regulation means for your business and members of staff.
This includes subsidiaries in and intangible transfers out of China!
At a glance
The Standing Committee of the National People’s Congress (NPC) in China passed the “Export Control Law of the People's Republic of China” (ECL) on October 17, 2020.
Moving controlled items is subject to special controls and applicable license requirements. AEB's Export Controls software automatically checks transactions against laws that are relevant to you.
The new law has taken effect on December 1, 2020. Read more about the new law
The new list: China's regulation on the Unreliable Entity List
Who is affected by the new regulation and does it apply to you?
Companies, other organizations, and individuals based in China are required to comply with the new regulation since the Provisions on the Unreliable Entity List took effect.
Many authorities across the globe publish official sanctions lists. It is important to understand the scope and implications of China's Unreliable Entity List with its new, official provision released by the Ministry of Commerce (MOFCOM). It represents a key cornerstone of China’s new export control regime.
The range of activities that can lead to designations is comprehensive!
When was it released by whom?
The MOFCOM in China has released the Provisions on the Unreliable Entity List (UEL) on September 19, 2020.
Sanctions list screening is a key aspect of trade compliance programs. AEB's Compliance Screening software automatically runs restricted party screening in the background of your business transactions.
The provision took effect on September 19, 2020. Read more about the new regulation
Related articles – China trade compliance, new laws and regulations, and more.
Control listsredFebruary 17, 2021Import and export of commercial encryption products in China
While some details are still amiss, businesses engaging in import or export of commercial encryption products in China should carefully review relevant lists.- Export controlsredJanuary 01, 2021
Export from China? 4 trade compliance tips on the new Chinese law
China's export control law has officially come into force. What does the new law mean for your exports from China? 4 tips for companies to make an assessment. 
Trader alertredAugust 17, 2020Export controls in China, US, EU: Turmoil and sanctions around Hongkong
The new security law in Hongkong has drastic consequences: US sanctions, China's counter-measures, and export control preparations in the EU.- US lawredMay 04, 2020
US Entity List? The impacts of Huawei sanctions on global traders
Huawei and 68 affiliated companies have been on the US Entity List for some time. But why are these US sanctions relevant for traders in Europe and Asia?
