CHINA'S State Council has advised that new laws governing its cross-border e-commerce trade will now not take effect until the end of 2018, according to a report in the Australian Financial Review.
Under current regulations in place, products that are allowed to be imported into China via this route do not have to be registered with local agencies, but come the end of the new year, they will have to be when the new laws are enacted.
The delay in the new laws being implemented is good news for Australian firms like Swisse and Blackmores who have grown to rely heavily on China exports, as it will give them more time to register products, a process that can frequently take up to three years.
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