The country promised to allow the establishment of foreign-controlled travel agencies from December 11, 2004, when it entered the WTO three years ago. And foreign investors will be permitted to set up wholly-funded companies by the end of 2007.
But China has lifted the ban on foreign-invested travel service providers much earlier than promised.
On December 1, 2003, approved by the CNTA, Jalpak International China Co Ltd, the first fully foreign-funded travel agency, and TUI (Touristik Union International) China Travel Co, the first Sino-foreign tourism joint venture controlled by foreign shares, was established.
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