MOFCOM further delegates authority to approve foreign-invested commercial enterprises engaging in online sales and vending machine sales
08 September 2010
On 26 August 2010, the General Office of China's Ministry of Commerce ("MOFCOM") issued a circular to further delegate approval power for foreign-invested enterprises engaging in online sales and sales via vending machines to MOFCOM's provincial-level branches. The circular, entitled Circular on the Relevant Issues Pertaining to the Administration of Approvals with Respect to Sales by Foreign-invested Enterprises through the Internet or Vending Machines (the "Circular"), came into force upon release. The Circular is part of a series of MOFCOM rules implemented in recent years to simplify the implementation of the Foreign-invested Commercial Sector Enterprises Administrative Procedures (the "Procedures") issued in 2004, and is stated to be issued as part of a wider campaign under the State Council Several Opinions on Further Improving Work on Deploying Foreign Investment (No. 9 of 2010) to reduce the items requiring administrative approvals.
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