The trade company in Macau, also known as a foreign trade corporation (FTRC)), plays a crucial role in facilitating cross-border transactions between China and other countries.
The FTRC in Macau, an autonomous administrative region of the People’s Republic of China, is responsible for various aspects of international trade:
1. Registration: The FTRC registers foreign entities or individuals who wish to engage in cross-border transactions.
2. License: Some foreign entities or individuals may need a license from the FTRC to conduct cross-border transactions.
3. Documentation: Foreign entities or individuals often require additional documentation, such as invoices, customs declarations, and foreign trade certificates, to support their cross-border transactions.
4. Compliance: The FTRC is responsible for ensuring compliance with international trade laws and regulations, such as the United Nations Convention on Contracts for the Sale of Goods (CCSG) and its implementing treaty, the Protocol on Consular Services for the Purpose of Providing Information and Assistance to Businesses that Do Business in Other Countries (CCSI).
In conclusion, the trade company in Macau plays a crucial role in facilitating cross-border transactions between China and other countries. Its responsibilities include registration, licensing, documentation, compliance, and supporting foreign business entities through consular services.