These Provisions are enacted in accordance with the Foreign Trade Law of the People's Republic of China, the National Security Law of the People's Republic of China and other relevant laws, for the purpose of safeguarding national sovereignty, security and development interests, maintaining fair and free international economic and trade order, protecting the legitimate rights and interests of enterprises, other organizations, and individuals of China. The State shall establish a working mechanism composed of relevant central departments to take charge of organization and implementation of the Unreliable Entity List System. The State shall establish the Unreliable Entity List System, and adopt measures in response to the following actions taken by a foreign entity in international economic, trade and other relevant activities: (1) endangering national sovereignty, security or development interests of China; (2) suspending normal transactions with an enterprise, other organization, or individual of China or applying discriminatory measures against an enterprise, other organization, or individual of China, which violates normal market transaction principles and causes serious damage to the legitimate rights and interests of the enterprise, other organization, or individual of China. A foreign entity which is included in the Unreliable Entity List may be prohibited to be engaged in activities such as import and export, entry and exit, investment.
Chine · 2020-09-19