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Shanghai Releases the First Negative List of Cross border Service Trade in China

Time: October 10, 2018 10:48:48 Source: Author:

The reporter learned from the press conference of the Shanghai Municipal Government held by the Shanghai Municipal Government Information Office that the latest Measures of Shanghai on the Implementation of the Negative List Management Model for Cross border Service Trade in China (Shanghai) Pilot Free Trade Zone and the Special Measures for Cross border Service Trade in China (Shanghai) Pilot Free Trade Zone (Negative List) (hereinafter referred to as the Implementation Measures and Negative List) release. This marks the establishment of a negative list management model for cross-border service trade in the pilot free trade zone.

The Implementation Measures is the first local government document in China to determine the management of service trade in the negative list mode, which mainly includes: clarifying the definition of cross-border service trade; Establish the basic principles of cross-border service trade management and opening; Establish negative list management mode; Clarify department management responsibilities; It clearly stipulates that the pilot opening field should be equipped with a risk prevention system.

The Negative List is the first negative list in the field of service trade in China based on the standards of internationalization, transparency and openness. It is structurally divided into two parts: "preparation instructions" and "list of special management measures".

Wu Qing, Vice Mayor of Shanghai, pointed out that the negative list management model of cross-border service trade, which Shanghai took the lead in exploring, is an institutional innovation based on Shanghai, serving the whole country, and benchmarking with the world, which is conducive to China's active response to the international economic and trade pattern, the implementation of national measures to expand opening up, and the improvement of international competitiveness of service trade.

(Original title: Shanghai Releases the First Negative List of Cross border Service Trade in China)

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