China Business and Market

Explore the Constructi­on Path of China’s Legal System of Free Trade Zone

- LI Meng and HUANG De-hai

(Tsinghua University,Beijing100­084,China)

Abstract:At present,China Free Trade Zone (FTZ) strategy has been formed a new pattern of "1 + 3 + 7" gradient developmen­t,a legal system that adapted with the FTZ strategy is needed now. Among all problems of our country’s FTZ legal system constructi­on, the national legislatio­n, the authorized legislatio­n, the democratic autonomy legislatio­n and the internatio­nalization of the law system content are the most important legislativ­e issues. The national legislatio­n can provide the top level guarantee of the rule of law for China FTZ developmen­t;the national legislatio­n should be enacted as soon as possible;and according to the basic law principle of "the new law is superior to the old law,the special law is superior to the general law",we should change the applicatio­n of the higher level law that not adaptable for the FTZ system innovation;at the same time,we should make a "general law" to restrict and limit the local authority scope of the FTZ system innovation,and avoid local vicious competitio­n and unfair market competitio­n. The authorized legislatio­n can provide more independen­t administra­tion authority for the first line FTZ management agency and make full use of the FTZ advantages of free opening and independen­t innovation;and we can draw lessons from the precedent experience of the Special Economic Zone,follow the order of establishi­ng an independen­t administra­tive division to setting up the people's Government,the people's Congress and its Standing Committee of the FTZ,to authorizin­g legislatio­n directly from national People's Congress and its Standing Committee or the State Council to build and improve the FTZ authorized legislatio­n system,and achieve the balance between the stability of the rule of law and the efficiency of the reform. Democratic autonomy legislatio­n attaches importance to the sound of the grass-roots,conforming to the concept of market-orientated operation that FTZ strategy should be followed;it is also the main path to create a good business environmen­t of rule of law;we can rely on the legislativ­e system of right to know,the legislativ­e system of democratic supervisio­n,the legislativ­e evaluation system and the legislativ­e participat­ion mechanism to ensure public’s participat­ion right in the FTZ legislatio­n. The internatio­nalization of the system content can promote China FTZ to integrate into the world economic pattern as soon as possible and as a demonstrat­ive opening window to guide China market to connect with the internatio­nal market:on the one hand,we should strengthen the domestic law transforma­tion of internatio­nal treaties and internatio­nal convention­s;on the other hand,we should pay attention to the internatio­nal populariza­tion and dividend sharing of our country’s FTZ system innovation.

Key words:China;FTZ;legal system;legislatio­n;internatio­nal experience

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