Help for busi­nesses

Re­search to as­sist in­vestors along Belt and Road

China Daily (Hong Kong) - - FRONT PAGE - By ZHONG NAN zhong­nan@chi­nadaily.com.cn

The China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade will com­plete over­all re­search on laws and busi­ness reg­u­la­tions in 64 coun­tries and re­gions along the Belt and Road Ini­tia­tive in 2017, to en­sure Chi­nese out­bound di­rect in­vest­ment faces fewer risks, of­fi­cials said on Thurs­day.

The re­search projects will fo­cus on law stud­ies and an as­sess­ment of the com­mer­cial en­vi­ron­ment and po­lit­i­cal sit­u­a­tion, and dis­par­i­ties be­tween eco­nomic zones and non­zone mar­kets in each coun­try or re­gion along the ini­tia­tive.

Feng Yaox­i­ang, CCPIT spokesman, said the re­search will give Chi­nese com­pa­nies bet­ter knowl­edge of the mar­kets they want to in­vest in.

Mar­ket de­mand, in­dus­trial struc­ture, in­sur­ance poli­cies, ter­ror­ism risk and the in­fla­tion rate will all be stud­ied to help the firms avoid risks.

“The re­search project cov­ers almost all the coun­tries and re­gions along the Silk Road Eco­nomic Belt and the 21st Cen­tury Mar­itime Silk Road,” said Feng.

CCPIT set up 102 trade in­for­ma­tion of­fices to pro­vide early warning and le­gal ser­vices in 2016 in ma­jor ex­port-ori­ented prov­inces and ci­ties such as Zhe­jiang and Shang­hai.

Liu Chao, deputy di­rec­tor-gen­eral of the coun­cil’s depart­ment of le­gal af­fairs, said many coun­tries along the two routes, such as Turkey, Poland and Malaysia, have bet­ter in­fra­struc­ture and in­dus­trial foun­da­tions to sup­port their growth. But for some oth­ers, devel­op­ing in­fra­struc­ture and ser­vices re­mains cru­cial.

The coun­cil will also of­fer le­gal ad­vice, con­sul­ta­tion ser­vices and prac­ti­cal mea­sures to Chi­nese com­pa­nies re­gard­ing Sec­tion 337 in­ves­ti­ga­tions to im­prove their abil­ity in deal­ing with trade rem­edy in­ves­ti­ga­tions in 2017.

Launched by the US In­ter­na­tional Trade Com­mis­sion, Sec­tion 337 in­ves­ti­ga­tions are re­lated to claims over in­tel­lec­tual prop­erty rights.

China en­coun­tered 117 trade rem­edy in­ves­ti­ga­tions launched by 27 coun­tries and re­gions with a to­tal of $13.98 bil­lion in­volved be­tween Jan­uary and Dec 21, data from the Min- istry of Com­merce showed.

Min­istry of Com­merce spokesman Shen Danyang on Thurs­day also urged the Of­fice of the US Trade Rep­re­sen­ta­tive to treat Chi­nese com­pa­nies ob­jec­tively as China has made sig­nif­i­cant progress in im­prov­ing the pro­tec­tion of in­tel­lec­tual prop­erty in re­cent years.

His com­ments came af­ter the USTR re­cently in­cluded four e-com­merce web­sites and six man­u­fac­tur­ers in China in its 2016 black­list of “no­to­ri­ous mar­ket­places”.

ZHANG GUOJUN / XIN­HUA

A busi­ness­woman from the United States (left) at­tends an in­vest­ment and trade fair in Xi­a­men, Fu­jian prov­ince.

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