Trade issues
While the growth of western economies slows down, China's economy is still growing at a fast rate. There are very few foreign entrepreneurs or companies that do not want to participate in such market growth, indeed they may be obliged to do so. China is one of the few countries left that offers interesting market potentials for both consumer and investment goods. Despite this, labour law and costs are so far still at a reasonable level. Thus, trading with China and the outsourcing of production to China is steadily gaining priority on foreigners' task lists.
After China's accession to the WTO many trade related Chinese laws and regulations have changed and therefore trading hurdles have been reduced. However, there are still quite a few areas that need adjustment so as to comply with Western standards. In addition, as is often the case in China, despite knowledge of the currently applicable legal framework it is essential to know the Chinese practice and its bottlenecks. From our long-standing practice in advising in trade related transactions with China, we may help you in securing your trading activities, whether you want to import, export outsource production or set up a distribution network for your goods in China. We have established various industry groups in our firm each of which focuses on a specific industry and we are able to take care of the matters, which are peculiar to your industry and product, with a very practical approach.
An increasing role plays our advice regarding the establishment of foreign invested commercial enterprises (FICE) in China.