Japan'S Export Regulations

The basic principle of export trade in Japan's new exportation law is "export freedom".

Compared with the old "outer tube law", the new "external management law" simplifies the export approval system, cancels the original provisions confirmed by the foreign exchange bank's settlement method, changes to the implementation of the export reporting system, repeals the original legal status of the original standard settlement method, and clarifies the legality of the "special settlement method".

At present, the export restrictions retained by Japan's "external control law" are:

1. Restrictions on the export of certain goods.

According to the "export trade management order" and the "import and export paction law", the export of specific goods to certain areas requires the confirmation or permission of the Minister of economic and trade.

2, restrictions on payment settlement methods

Some special ways to settle export loans need to be approved by the Minister of economic and trade.

Such as: mutual settlement, prepayment and deferred payment exceeding a certain time limit.

3. Restrictions on trading methods.

When exporters carry out trade activities after "entrust overseas processing," the raw materials exported to foreign countries must be examined and approved by the Minister of economic and trade, if the raw materials for export are processed materials specially designated by the Minister of economic and trade.

Customs and foreign exchange banks verify export trade according to the above three restrictive measures and confirm the status of each export approval.

4. Restrictions on the quality of export commodities (export commodity inspection)

In order to maintain and enhance the reputation of its exports, the Japanese government designated inspection authorities to carry out commodity inspection for certain export commodities, and unqualified goods should not be exported.

5. Restrictions on the export of precious metals, currencies and securities.

Exportation (and import from other countries) of precious metals, currencies and other means of payment function must be approved by the Minister of finance.

Import approval system in Japan