A Study On The Legislation Of Export Credit Insurance

Export Credit Insurance (ECI) is a special export-promotion policy established by a government in order to guarantee the remittance collection of export enterprises. ECI, as a special insurance system encouraged by World Trade Organization (WTO) laws and rules, has developed very mature in the world and has played an active role in promoting foreign trade in many countries. After China's accession into WTO in 2001, China's export volume increases enormously. But compared with other ECI-developed countries, China's ECI development is slow and poor in respect of insurance volume.This article first analyses the concept, the features, the nature and the function of ECI. After the comparison of several countries' ECI policy and legislation and the international law on ECI, author introduces China's development on ECI and the recent situation. Finally author gives his recognition and suggestions on the legislation of China's ECI.