Implications Of The Law On Foreign Relations

Hold your horses and take a breath.

Subject to certain assumptions surrounding the Law on Foreign Relations of the People's Republic of China, effective from 1 July, the new law establishes two key points: uphold international law and safeguard national interests by the rule of law.

The Law on Foreign Relations ('LFR') is a comprehensive framework for the legal basis for China's diplomatic policies. Though LFR is the first form of legislation on foreign relations, previous laws and regulations have been enacted as countermeasures to foreign sanctions on China companies and individuals, such as the Anti-Foreign Sanctions Law and the Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation. For the business world, the LFR provides insight into the overarching direction of China's foreign policy and its national interests. The LFR is not as terrifying as portrayed by certain media but integrates existing China's diplomatic policies into