SAFE and MOFTEC Strengthen Cooperation ĦĦĦĦThe Ministry of Foreign Trade and Economic Cooperation (MOFTEC) and the State Administration of Foreign Exchange held a joint meeting July 15 for a strengthening of cooperation between the two government departments to promote foreign trade and use of foreign capital. This is the first time for the two to hold such a meeting. ĦĦĦĦAs Sun Zhenyu said at the meeting, government departments at all levels in charge of foreign trade and foreign exchange should fully realize the importance of cooperation between the two. Foreign exchange procedures should be further simplified so as to create a favorable environment for developing the country's export trade All import and export corporations should also tighten internal controls to the use of foreign exchange by adhering to relevant state laws and regulations promulgated. Economicnews 1999-07-16 Page5 Full Story in Chinese