U.S.-China Trade: Summary of 2003 World Trade Organization Transitional Review Mechanism for China Page: 60 of 101
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Committee on Trade-Related Investment Measures (TRIMS)
Summary of issues by theme Raised by Raised by China's response
United other WTO
Status of China's research and study to Writtena Japan - Upon join the WTO, China has eliminated or
issue new automobile industrial policy Verbald ceased to implement the provisions like foreign
and issuance of new Guidelines for currency balancing requirement, local content
Current Development of Automobile and etc., which were contained in the 1994
Industry. Automobile Industrial Policy. The newly drafted
Policy on the Development of Auto Industry is
now with the State Council for approval. During
the process of enactment, we published the draft
of new policy on the website for the opinions
from all walks of the society. General Motors,
Association of Automobile Industry in Japan and
some companies in the European Union (EU) are
among those who submitted comments.
Afterwards, we have sent the draft directly to the
companies in the industry, the research institute
and scholars alike for their inputs, and explicitly
require the Chinese parties of joint ventures to
solicit the opinions of their foreign partners.
Beside that, extensive and in-depth exchanges of
ideas, discussions and consensus building have
been conducted with many foreign auto makers
on a number of specific issues. (Verbald)
Legal steps to completely remove all Writtena According to Paragraph 205 of the Working Party
restrictions on the categories, types or Report on the Accession of China, the category
models of motor vehicles permitted for authorizations by the Chinese Government could
production. continue to distinguish between trucks and
buses, light commercial vehicles and passenger
cars. In the Policy on the Development of
Automobile Industry, which is in the process of
revision, the measures restricting the production
under each category will be eliminated. The new
Policy is now waiting for the approval from the
State Council and will be enforced as soon as
the legislative procedures are completed.
Legal steps to raise the limit within Writtena The draft of the upcoming development policy on
which investments in motor vehicle automobile industry is characterized by its
manufacturing could be approved at provisions on deregulation and transfer of
the provincial level. approval authority to governments at provincial
levels. After the issuance of the new Policy, the
invest limits on auto manufacturing that could be
approved at provincial level will be increased as
required in the Working Party Report. (Writtenc)
Revisions to investment guidelines in EC - Before accession to the WTO, China had already
conformity with the WTO Agreement, Writtenb modified three basic laws in respect of foreign
especially as regards the status of the direct investment - Law of People's Republic of
Catalogue on Investment and the China on Sino-Foreign Equity Joint Ventures,
categorization of restricted; permitted; Law of People's Republic of China on Sino-
and encouraged investments, and Foreign Cooperative Joint Ventures and Law of
requirements relating to transfer of People's Republic of China on Foreign-invested
technology. Enterprises as well as their implementing rules.
The revised legislation has eliminated or ceased
GAO-05-209R U.S.-China Trade
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United States. Government Accountability Office. U.S.-China Trade: Summary of 2003 World Trade Organization Transitional Review Mechanism for China, text, January 25, 2005; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc301428/m1/60/: accessed May 24, 2019), University of North Texas Libraries, Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.