Import license: Difference between revisions
no edit summary
An '''import license''' is a document issued by a national government authorizing the importation of certain goods into its territory. Import licenses are considered to be [[non-tariff barriers to trade]] when used as a way to discriminate against another country's goods in order to protect a domestic industry from foreign competition.
Each license specifies the volume of imports allowed, and the total volume allowed should not exceed the [[quota]]. Licenses can be sold to importing companies at a competitive price, or simply a fee. However, it is argued that this allocation methods provides incentives for political lobbying and bribery.
Content is available under CC BY-SA 3.0
unless otherwise noted.