The Ministry of Transport ("MOT") has recently issued the Circular on Publishing Results on the Clear-up of Policies and Measures with Effects of Eliminating and Restricting Competition (the "Circular").
The Circular states that, according to the Circular of the National Development and Reform Commission, the Ministry of Finance and the Ministry of Commerce on Issuing the Work Program for Straightening out Existing Policy Measures with Effects of Eliminating and Restricting Competition (2017-2018) and relevant requirements, the MOT has organized efforts to straighten out existing policies and measures that eliminate and restrict competition. The results on this clearing-up work are hereby published as below. First, one rules titled the Administrative Provisions on Foreign-invested Road Transport Business will be scrapped, while another four rules, including the Administrative Measures for the Examination and Approval of Wholly Foreign-owned Shipping Service Companies, will be revised. Second, it is decided to abolish six normative documents and update another five ones. For rules to be abolished or revised, efforts at the abolishment and amendment shall be made under the legislative procedures. As to those normative documents to be repealed, they will no longer apply immediately from the issue date of this Circular; and those to be revised will be re-published and implemented later after they have been amended through careful studies.