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	CIRCULAR OF THE MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION ON THE ESTABLISHMENT OF FOREIGN INVESTMENT PROMOTION CENTERS (INVESTMENT PROMOTION BUREAU OF THE MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION)

	(Docket No. 57 (2003) of the MOFTEC promulgated on February 25, 2003)


SUBJECT : FOREIGN INVESTMENT PROMOTION CENTERS
ISSUING DEPARTMENT : MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION OF THE PEOPLE'S REPUBLIC OF CHINA (DISSOLVED)
ISSUE DATE : 02/25/2003
IMPLEMENT DATE : 02/25/2003
LENGTH : 488 words
TEXT :

In order to adapt the foreign trade and economic work to the new situations that arise after China's entering into the WTO and to further enlarge the scale, to promote the quality and level in utilizing foreign investments in our country, upon the discussion of the leading Party group of the Ministry of Foreign Trade and Economic Cooperation and the reply of the Central Organization Commission, it is decided that the name of "Training Center of International Trade for Asia and the Pacific" is changed to "Foreign Investment Promotion Center" (the name "Investment Promotion Bureau of the Ministry of Foreign Trade and Economic Cooperation" may be used to facilitate foreign affairs, hereinafter referred to "Investment Promotion Bureau") and to reorganize. It is hereby to notify the work of reorganizing the Investment Promotion Bureau as below:

I. MAIN DUTIES OF THE INVESTMENT PROMOTION BUREAU

In accordance with the spirits of the Reply No. 176 (2002) of the Central Organization Commission, the principal duties of the Investment Promotion Bureau are:

(1) to execute the concrete task of attracting and promoting foreign investments, to launch investment promotion activities;

(2) to undertake the concrete organization work for China investment trade talks and various investment promotion exhibitions and talks in the name of the Ministry of Foreign Trade and Economic Cooperation;

(3) To offer services of investment consultancy and information to the foreign and Chinese investing partners;

(4) To attend the World Association of Investment Promotion Agencies (WAIPA) and relevant international non-governmental organs under the authorization of the Ministry of Foreign Trade and Economic Cooperation the contact and communication and take charge of relevant bilateral and multilateral contacts and communications with them;

(5) To guide the work of all domestic investment promotion agencies.

II. SEQUENTIAL ARRANGEMENT OF THE INSTITUTION

The Investment Promotion Bureau is listed in the serial of the public institutions directly under the Ministry of Foreign Trade and Economic Cooperation. It is behind the government service center, before the academe.

III. ABBREVIATIONS FOR OFFICIAL WRITING (BIANZI), ABBREVIATIONS AND NUMBERS FOR DOCUMENT ISSUANCE (FAWEN BIANZI), AND THE SEAL

The abbreviations of the Investment Promotion Bureau for official writing shall be "toucu (meaning investment and promotion) " as the abbreviations and numbers for document issuance and "No. waijingmaocuzi (20) " as its fawenzihao in the official documents.

The seal of the Investment Promotion Bureau (see the sample in the Encl.) shall be formally used as of the issuance of this Circular.

In addition, after the Investment Promotion Bureau has been established, the institutions and functions of the original China Investment Commercial Talks Office shall be transferred from the Fuzhou Agency of the Special Person of the Ministry of Foreign Trade and Economic Cooperation to the Investment Promotion Bureau. The Circular on the Issues Concerning the Establishment of the Office for China Investment Commercial Talks (No.656 (2000) ) shall be abolished at the same time.

Attachment: The seal of the Investment Promotion Bureau (omitted)