The following article first published by Manifold Times on 28 December was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:
The Ministry of Commerce of the People’s Republic of China (MOFCOM) on 23 December issued the 2022 Refined Oil (Fuel oil) Non-state trade import allowance application conditions, distribution principles and related procedures document.
The import of fuel oil is subject to state-owned trade management, states MOFCOM.
However, certain provisions between China and the World Trade Organization allow for a fixed amount of trade imports by non-state-owned entities.
As such, these non-state-owned enterprises are allowed to operate within the scope of the annual import allowance.
The allowable amount of fuel oil imports for non-state trade in 2022 is 16.2 million tons.
Non-state-owned enterprises interested in applying for a permit to import an allowable quantity of fuel oil for non-state trade should meet the following requirements:
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