On 17th January 2013, the Ministry of Commerce of the People’s Republic of China released Guiding Opinions on Accelerating the Healthy Development of Freight Forwarding in international shipping (hereinafter referred to as “Guiding Opinions”), in which the guiding ideas, basic principles, development objectives, major tasks and protection measures on the promotion of International Freight Forwarder Logistics Industry (hereinafter referred to as the “Industry”) during the “Twelfth Five-Year Plan” period are clarified.
The Guiding Opinions specify that during the “Twelfth Five Year Plan”, large-scale international logistics enterprises with prominent main businesses, sound networks overseas and strong competitiveness should be formed through mergers and acquisitions. Management reform and institutional innovation shall be set as the basic principle for the development of the Industry. The government has pledged to optimize the market environment, pay attention to the development and needs of medium and small-sized enterprises while focusing on technical services, talent development and increased efficiency.
The Guiding Opinions emphasize that MOFCOM, as the competent department in the Industry, shall effectively strengthen its organization, enrich its workforce and innovate the work train. A smart strategy is required to be implemented and the working mechanism should be improved. MOFCOM is also called upon to strengthen theoretical research and cooperation with other international freight forwarder organizations in order to learn advanced business ideas and management experience.
This article is intended solely for informational purposes and does not constitute legal advice. Although the information in this article was obtained from reliable official sources, no guarantee is made with regard to its accuracy and completeness. For more information please visit dandreapartners.com or WeChat: dandreapartners.
