The lawyer emphasized that the Export Control Law and the Unreliable Entity List Regulations are not weapons for unilateral sanctions against other countries, but merely means to fight back against trade bullying, which means "I will not offend others unless they offend me." This provides China with more countermeasures and legal basis for taking reciprocal actions against sanctions imposed by the United States and other countries.
For enterprises, the official promulgation of the Export Control Law is only the beginning of the construction of China's export control system. A series of supporting export control administrative regulations, departmental regulations, normative documents, etc. will be formulated and revised one after another. In the context of the normalization of competition among major countries, Chinese and foreign companies must seek compliance development in the "cracks" of cross-export control supervision of various countries that accompanies global economic integration. Therefore, it is particularly important to comprehensively improve their comprehensive export control compliance level as soon as possible.
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