CHINA-ECONOMY: CHINA'S MINISTRY OF COMMERCE ISSUES ORDER TO COUNTERACT EFFECTS OF ANY UNJUSTIFIED FOREIGN LEGISLATION

China's Ministry of Commerce issued Order No. 1 of 2021 on January 9, 2021, for the purpose of counteracting the impact on China caused by unjustified extra-territorial application of foreign legislation and other measures, safeguarding national sovereignty, security and development interests, and protecting the legitimate rights and interests of citizens, legal persons and other organizations of China. Article 12 of the Order provides that "In response to unjustified extra-territorial application of foreign legislation and other measures, the Chinese Government may take necessary counter-measures based on actual circumstances and needs". The Order comprises 16 Articles.

(Comment: The order is a reaction to the Magnitsky sanctions.






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