On 19 September, Deutsche Welle reported that China has announced a sanctions regime Beijing says will “protect the interests” of Chinese companies from “unreliable” foreign companies.  It comes as the rift with the US continues, and with a scheme that somewhat mirrors the US Commerce Department Entity List scheme.  The Unreliable Entities List will contain foreign companies that “harm China’s national sovereignty, security, and development interests” or violate “internationally accepted economic and trade rules”. Penalties for companies the end up on the list include fines, restrictions on importing and exporting and investment, and restrictions on moving employees into China.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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