Temporary Rules of Foreign Investors Establishing Travel Agencies In China
www.chinaview.cn
2003-06-18 10:06
China National Tourism
Administration (CNTA) and Ministry of Commerce issued a temporary rule of
foreign investors establishing proprietary and single proprietary travel
agencies on June 12, 2003.
The rule is laid down according to related
law of foreign- invested enterprises, Management Regulations of Travel Agencies
and related rules, aiming at meeting China¨s WTO commitments and developing
tourism.
Foreign investors will be able to open proprietary and single
proprietary travel agencies in five major cities--Beijing, Shanghai, Guangzhou,
Shenzhen, Xi'an, and as well as at government designated resort areas
The rule applies to foreign proprietary or single proprietary travel
agencies established in China in the transition period before the target term of
China¨s WTO commitments
Foreign investors who will open proprietary or
single proprietary travel agencies in China should be travel agencies or
enterprises dealing in tour business, tourism association member of their own
countries, have good international reputation and advanced travel agency
management experience. They should also observe China¨s law and related
regulations of China tourism.
Foreign investors with annual revenues
more than $40 million will be allowed to set up proprietary travel agency and
those with annual revenues of at least $500 million will be allowed to establish
single proprietary travel agency.
Foreign proprietary or single
proprietary travel agencies should keep with tourism developing programme and
meet the needs of tourism market
Foreign-invested travel agencies will
be barred from organizing tours of Chinese citizens travelling overseas or to
Hong Kong, Macau and Taiwan
Both CNTA and Commerce Ministry have the
right of interpretation of the rule.
The rule will come into effect in 30
days after being issued. Enditem (english.mofcom.gov.cn)
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