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Each license specifies the volume of imports allowed, and the total volume allowed should not exceed the [[Import quota|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. Government may put certain restrictions on what is imported as well as the amount of imported goods and services. For example, if a business wishes to import agricultural products such as vegetables, then the government may be concerned about the impact of such importations of the local market and thus impose a restriction.
==Système Intégré de Gestion de Licenses==
The '''Système Intégré de Gestion de Licenses''' (SIGL) is the [[European Union]] [[Directorate-General for Trade|Directorate General for Trade]]'s integrated IT system for the management of licences for imports of textiles, clothing, footwear, steel and wood to the EU.<ref>European Commission, [http://trade.ec.europa.eu/sigl/index.html Système Intégré de Gestion de Licenses], accessed 11 June 2018</ref>
==References==
{{reflist}}
==See also==
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[[Category:Trade policy]]
[[Category:Import]]
{{business-stub}}
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