The draft amendments to the Foreign Trade Law were submitted to the Standing Committee of the National People's Congress for a second review on December 22. The second review of the revised draft added a number of regulations on supporting and encouraging the development of digital trade and speeding up the establishment of a green trade system. The development of digital trade and green trade is an important focus for promoting trade innovation and development. The “15th Five-Year Plan” plan proposes “expand trade in intermediates and green trade”, “innovate and develop digital trade, and expand the opening up of the digital sector in an orderly manner.” The Central Economic Work Conference held a few days ago proposed actively developing digital trade and green trade. The second review of the revised draft added provisions: the country promotes the construction of a cross-border financial service system according to the needs of foreign trade development; supports the digital development of foreign trade, promotes international mutual recognition of digital certificates, electronic signatures, etc., and raises the level of foreign trade facilitation; promotes the construction of product standards, certification and labeling systems related to green trade; supports and promotes the construction of foreign trade talent teams to provide talent support for the high-quality development of foreign trade.

The draft amendments to the Foreign Trade Law were submitted to the Standing Committee of the National People's Congress for a second review on December 22. The second review of the revised draft added a number of regulations on supporting and encouraging the development of digital trade and speeding up the establishment of a green trade system. The development of digital trade and green trade is an important focus for promoting trade innovation and development. The “15th Five-Year Plan” plan proposes “expand trade in intermediates and green trade”, “innovate and develop digital trade, and expand the opening up of the digital sector in an orderly manner.” The Central Economic Work Conference held a few days ago proposed actively developing digital trade and green trade. The second review of the revised draft added provisions: the country promotes the construction of a cross-border financial service system according to the needs of foreign trade development; supports the digital development of foreign trade, promotes international mutual recognition of digital certificates, electronic signatures, etc., and raises the level of foreign trade facilitation; promotes the construction of product standards, certification and labeling systems related to green trade; supports and promotes the construction of foreign trade talent teams to provide talent support for the high-quality development of foreign trade.