Beijing: Chinese lawmakers on Monday began reviewing a draft revision to the Foreign Trade Law, which incorporates a series of reform measures into national legislation. The comprehensive revision aims to modernize and enhance the country's foreign trade framework by integrating new strategies and regulations.

According to Namibia Press Agency, the 11-chapter, 80-article draft was submitted to the ongoing session of the Standing Committee of the National People's Congress for deliberation. The proposed changes are intended to elevate several reform measures to national law, including the introduction of a negative list system for managing cross-border trade in services. Additionally, the draft promotes new forms and models of foreign trade, encourages digital trade, and establishes a green trade system to ensure effective implementation.

To further optimize the foreign trade environment, the draft emphasizes the importance of strengthening intellectual property rights protection in relation to foreign trade. It also proposes the creation of a trade adjustment assistance system designed to stabilize industrial and supply chains, thereby reinforcing the country's economic resilience.

Moreover, the revision aims to foster the development of a diversified mechanism for resolving foreign trade disputes, ensuring that conflicts can be addressed more effectively. By incorporating these measures, China seeks to create a more robust and adaptable foreign trade structure that can respond to the evolving global economic landscape.