The Ministry of Commerce stated that the quota for imported cars will be cancelled as scheduled next year

Xinhua News Agency, Beijing, November 19: The person in charge of the Ministry of Commerce said in an interview with Xinhua News Agency on the 19th that it is inaccurate that the rumor that the cancellation of quotas for import of automobiles next year has not been determined. According to the "Protocol on China's Accession to the World Trade Organization," China will abolish import quotas and license management for automobiles and key parts from 2005. The Ministry of Commerce's Quota and Licensing Affairs Bureau issued a notice a few days ago, informing us that in order to fulfill its commitment to join the WTO, since January 1, 2005, China has ceased to implement import quotas and license management on automobiles and their key parts. According to the notice of the Ministry of Commerce, the validity period of import licenses for automobiles and key parts issued in 2004 is no longer extended until 2005. (Zhang Yi)