China has been changing laws to address U.S. concerns about fair treatment of fo...
- China has been changing laws to address U.S. concerns about fair treatment of foreign companies, but with some vague wording and persistent concerns about enforcement, it is unclear if this will leave Washington satisfied.
The concerns prompted U.S. President Donald Trump to say he would raise tariffs on $200 billion of Chinese goods imported into the United States. However, trade talks will continue this week. The law would ban forced technology transfer and illegal government “interference” in foreign business practices, according to the latest draft.
One Beijing-based Western executive told Reuters the law was probably best viewed as a “PR exercise” to try and head off some U.S. accusations of unfair treatment for American companies that, in part, led to the trade war. “We believe there needs to be more attention paid to this,” said Nicholas Holt, chairman of the British Chamber of Commerce in China.The changes to the Trademark Law take effect on Nov. 1, while amendments to the Administrative Licensing Law, and Law Against Unfair Competition have already come into force.
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