NPC to Continue Making Laws to Comply to WTO Rules: Li Peng

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Last updated at: (Beijing Time) Saturday, March 09, 2002

NPC to Continue Making Laws to Comply to WTO Rules: Li Peng

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The Standing Committee of the National People's Congress (NPC) will continue making laws in a bid for full WTO rules compliance, said Li Peng, Chairman of the Standing Committee of the National People's Congress.

Reporting on the work of the NPC Standing Committee to the current annual session of the Ninth NPC Saturday, Chairman Li Peng said that "in drafting, sorting out and revising laws, rules and regulations, we must strictly follow and at the same time exploit WTO rules for the sake of protecting and promoting China's economic development."

The country has drafted and revised a number of laws, rules and regulations since the country was officially admitted into the world's trading rule-making organization.

The NPC Standing Committee completed the making of the trust law and revised the trademark law and the copyright law following the revision of the patent law, Sino-foreign joint venture law, Sino-foreign non-equity venture law and foreign capital enterprise law, Li Peng said, adding that all the work has laid a solid foundation for continued work on laws, rules and regulations.

The laws on the agenda for revision include the law on the inspection of import and export commodities and the insurance law, he said.

He urged departments concerned to study the formulation of the anti-monopoly law and the revision of the foreign trade law and the law on the quarantine of incoming and outgoing animals and plants and submit them for deliberation in good time.

He also said that the NPC Standing Committee should strengthen interpretation of laws.

Administrative decrees, local laws and government rules should also be sorted out and revised in the light of the new situation resulting from China's WTO membership, he stressed.

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