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MOFCOM Announces Total Allowance, Application Conditions and Procedures for Non-State-Traded Crude Oil Imports in 2027
36Kr1 min read
36Kr learned recently that the Ministry of Commerce issued an announcement: in accordance with the "Regulations on Import and Export of Goods of the People's Republic of China" and relevant commitments made upon China's accession to the WTO, the ministry formulated the "Total Allowance, Application Conditions and Procedures for Non-State-Traded Crude Oil Imports in 2027," which is hereby published. The announcement states that the total allowance for non-state-traded crude oil imports in 2027 will be 257 million metric tons.
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