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China MIIT Cancels 33 Documents for Market Access Management of Raw Material Industry

China MIIT announced that 33 documents for market access management of the raw material industry would be abolished starting from August 14, 2019.

On August 14, 2019, the Chinese Ministry of Industry and Information Technology (MIIT) issued a notice [1], announcing the abolition of 33 documents for market access management of the raw material industry.

The removed documents are related to 11 raw material sectors, including yellow phosphorus, foundry pig iron, ferroalloy, hydrogen fluoride, etc. They are either regulations laying out requirements for enterprises in terms of location, technical processes, equipment, product quality, energy consumption and environmental protection, etc. or lists of qualified businesses.

The notice briefly points out that these regulations and market access rules are lifted to follow the requirements of the central government on “pushing forward with reforms that delegate power, improve regulation and upgrade services”. The reforms, firstly proposed in 2015, are essentially aimed at promoting transformation of government functions and ensuring that market can play a determining role in resources allocation.

It is believed that, with these regulations removed, China can open up wider access to the raw material industry, encourage inflow of funds into relevant sectors, and thus further invigorate the economy. Moreover, the notice also specifies that relevant industry bodies are encouraged to, in place of governments, enhance industry self-regulation and safeguard the market order.

Nevertheless, relevant industry bodies, such as the China Nonferrous Metals Industry Association, have not issued any requirement or restriction on enterprises’ market access. It remains uncertain what measures will be taken during the transition period, and doubts have arisen in the industry. ChemLinked will keep a close eye on the updates. Please stay tuned.

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