Saturday, January 11, 2014
Chinese Import Restrictions Extended
The Department of State and US Customs and Border Protection have extended controversial import restrictions on Chinese cultural goods for another five years. These restrictions in particular show how far the State Department and US Customs have departed not only from the requirements of the governing statute but common sense. The net effect of the current restrictions has been to give Chinese collectors, dealers and auction houses a competitive advantage over their American counterparts. This will now continue for another five years, time enough for the likes of the People Liberation Army's Poly Group to become the dominant force in the market for Chinese artifacts.