Managing Multinational Operations - Essay Example

It is going to tackle ‘restrictions of exports as well as imports, relations of labor, suppliers’ source of finance, Taxation regulations, schedules of depreciation, currency properties as well as restrictions alike, and finally, on short-term as well as long-term sources of debt’. Import and export restrictions: As per the statute of Foreign Trading which was amended in the year 2004, import services and goods are grouped into four. These are, prohibited imports, free imports, restricted imports and those services and goods subject to tariff-rate quotas management type.

Free imports are restricted not, but are put under predetermined licensing system. For those import services and goods subject to licensing and quota ways of control, prior approval’s obtaining is essential at the section of Foreign Trade which’s under the council of the state. China also restricts the export of given services and goods. These goods include those headed for regions and/or countries which have a capacity of market which is low and those that concern domestic production factors that are likely to be depleted and/or which supply is of capacity levels which aren’t high.

These commodities which are part of the exportation restrictions are to be licensed and also put under quota management. The technologies classified in the restrictions of export are license-controlled. Goods subject to the quota control of export require an export license’s application and also those subject to export license need an export license application. For licensing, these two aforementioned services and goods require their equivalent contract presentation. (HKDC, 2008) Relations of labor in China primarily call for the signing of a labor contract.

Labor contracts have a new law concerning the labor contract signing between employees and the employers. There should be a signing of a labor contract within the first month of job commencement,