Ministry of Commerce: Solicits Public Comments on the Special Provisions on the Protection of China's Trade Secrets, Clarifying Investigation and Countermeasure Measures Against Foreign Entities

Zhitong Finance APP has learned that on October 26, in order to safeguard national sovereignty, security, and development interests, and to protect the lawful rights and interests of Chinese rights holders, in accordance with the Foreign Trade Law of the People's Republic of China and other relevant laws and regulations, the Ministry of Commerce drafted the Special Provisions on the Protection of China's Trade Secrets (Draft for Comment) and is now soliciting public comments. It states that where foreign entities, in international economic and trade activities and related activities, engage in conduct that infringes China's trade secrets and at the same time harms or poses a real threat to China's national sovereignty, security, and development interests, these provisions shall apply. The Ministry of Commerce has the authority to decide to investigate them and may take measures such as restricting or prohibiting their import and export of goods and technologies related to China and their new investment within China.