Summary: On 17 October 2020, the Standing Committee of the National People's Congress, China's top legislature, passed the "Export Control Law of the People's Republic of China" (referred to as the "Export Control Law"). The law, set to come into effect on 1 December 2020, is the first law of export control in China. Its contents follow from current legislation and enforcement practices, while also introducing major changes to the existing regime such as extraterritoriality and deemed exports. Recently, China is enhancing its relevant legal and regulatory framework including the legalization of Export Control Law, the introduction of the Unreliable Entity List (UEL) system and updates to the catalogue of technologies prohibited or restricted from being exported. These updates will bring new compliance requirements to foreign entities engaged in China-related business. Foreign entities need to be more cautious when making major commercial decisions and implementing their business plans. Join our Deloitte professionals as they share their insights on how to navigate global trade and export controls to efficiently maximize your business operations.(Live presentation was aired on 10 December 2020)
