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business and a catalogue
of
commodities for import and
export; (3) It must have the necessary funds which meet the
regulations of the state, a fixed place of business and the
facilities and other material conditions necessary for
developing its business; (4) It must have a sound
organizational structure and relevant professional,
managerial
personnel
and
foreign-language-speaking
personnel for running the business; (5) It must have a
stable and appropriate source for exports; and (6) It must
undertake duties with regard to the national export plan.
In order to ensure the smooth development and good
order of external trade, and to strengthen the management
export and import flows, the MOFERT is at present trying
to complete its work of tidying up and settling different
of
types of external
decision of the
ensure that the
trade
trade companies in accordance with the
State Council. The objectives are to
setting up of various types of external
companies is carried out in a reasonable way; to
enhance the operational ability of these companies, as well
as to foster the normal development of our country's
external trade.
2. Quota management
present, our country implements an export quota
system
in respect of certain commodities. There are two
reasons for
such
management.
The first being that