The Chinese Ministry of Foreign Trade
and Economic Cooperation (MOFTEC) has issued a series of
regulations for managing cargo transport agents across the
Taiwan Straits. The new procedures become effective on
August 21, 1996.
The document, comprising 14
articles, is aimed at promoting the development of trade,
economy and shipping industries across the Taiwan Straits
and keeping normal order of cargo transport agents, in
accordance with the principles of one-China, two-way direct
shipping service and mutual benefits.
stipulates that direct cargo transport on the sea between
harbors on the Chinese mainland and Taiwan is deemed to be
domestic transportation with special management.
MOFTEC is an institution in charge of the
business and management according to the country's relevant
laws and the situation of supply and demand of the cargo
transport market across the Taiwan Straits.
The document says that those who are engaged
as cargo transport agents should be approved by MOFTEC.
Those who want to apply to be cargo transport
agents should accord with two conditions.
enterprises should be international cargo transport agents
established with the ratification of the Ministry, with
their capital totally coming from enterprises on the Chinese
Ratified by the ministry, they
should be joint ventures and cooperative enterprises
invested by both Chinese mainland and Taiwan investors and
engaged as agents in international cargo transport.
It also says that the ministry will regularly
announce lists of names of enterprises handling such
business. Those who want to be involved in the business of
direct cargo transport on the sea should choose their agents
from among enterprises affirmed by the ministry.
Those who violate the relevant laws and
decrees, as well as the newly issued regulations, will be
punished by the ministry, the document says.
The regulations on the management of direct
passenger and cargo shipping business across the Taiwan
Straits, made known to the public by the Ministry of
Communications yesterday, and the regulations on managing
cargo transport agents are described as a major event in
economic exchanges and trade between the two sides of the
Taiwan Straits. They are also seen as an important measure
for promoting direct exchange of mail services, trade, air
and shipping services.