Import license: Difference between revisions
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Import license (edit)
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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.
[[Category:International trade]]
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