How does Australia regulate international trade?
Australia, a signatory to various free trade agreements, strictly regulates international trade, including the importation and exportation of goods and services into and out of Australia.
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Import
New Technology Import Regulations May Cause Headaches for the Unprepared
Two sets of new measures have been issued in June 2008 (namely Measures for the Administration of Prohibited and Restricted Technology Import and Measures for the Administration of Import and Export Contracts Registration) which are likely to have a material, practical affect upon technology licenses and transfers to and from China. In November 2007, the Ministry of Commerce updated the Category of Prohibited and Restricted Technology Import.
The measures are a mix of devolution (i.e. the regulations delegate responsibility down to regional Bureaux of Commerce); increased regulation and supervision on the one hand but relaxation in other regards.
By Mark Schaub, Partner Shanghai Office of King & Wood,FDI
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