Import License

	Import License 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 Import quota, quota. Licenses can be sold to importing companies at a competitive price, or simply a set fee. However, it is argued that this allocation method provides incentives for political lobbying and bribery. Governments 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 Intég ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Non-tariff Barriers To Trade Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. The Southern African Development Community (SADC) defines a non-tariff barrier as "''any obstacle to international trade that is not an import or export duty. They may take the form of import quotas, subsidies, customs delays, technical barriers, or other systems preventing or impeding trade''". According to the World Trade Organization, non-tariff barriers to trade include import licensing, rules for valuation of goods at customs, pre-shipment inspections, rules of origin ('made in'), and trade prepared investment measures. A 2019 UNCTAD report concluded that trade costs associated with non-tariff measures were more than double those of traditional tariffs. History The transition from tariffs to non-tariff barriers One of the reasons why industrialized countries have m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Import Quota An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy (protectionism). Quota share The quota share is a specified number or percentage of the allotment as a whole quota, that is prescribed to each individual entity. For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may export to the United States. Any extra number that a manufacturer wishes to export must be negotiated with another manufacturer that did not or cannot maximize its share of the quota. There are also quota share insurance programs, where the liability and the premiums are divided proportionally among the insurers. For example, three companies take o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Directorate-General For Trade The Directorate-General for Trade (DG TRADE) is a Directorate-General of the European Commission. The European Commission's Directorate- General for Trade (DG Trade) develops and implements the EU's trade policy in order to help secure prosperity, solidarity and security in Europe and around the globe. It covers a wide area from manufactured goods to services, intellectual property and investment. As of 1 June 2019 Sabine Weyand is the Director-General. The DG Trade reports to the Trade Commissioner. Trade Commissioner history Under the authority in the von der Leyen Commission of Valdis Dombrovskis, the European Commissioner for Trade, DG TRADE coordinated trade relations between the European Union ( EU) and the rest of the world. Organisation European Commissioner for Trade Director General Directorate A - Multilateral Affairs, Strategy, Analysis, Evaluation Unit A1 - Multilateral affairs and WTO Unit A2 - Trade Strategy Unit A3 - Chief Economist, Trade Analysis ... [...More Info...] [...Related Items...] OR:** [Wikipedia] [Google] [Baidu]
	Importation Right An importation right is the legal ability to import a product into a certain country. Importation means "sending goods from one country to another". Right means "in accord with law...."Black's Law Dictionary, p. 483 (2001). See also * Import duty A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and poli ... * Most favored nation References International law Import {{law-term-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Non-tariff Barriers To Trade Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. The Southern African Development Community (SADC) defines a non-tariff barrier as "''any obstacle to international trade that is not an import or export duty. They may take the form of import quotas, subsidies, customs delays, technical barriers, or other systems preventing or impeding trade''". According to the World Trade Organization, non-tariff barriers to trade include import licensing, rules for valuation of goods at customs, pre-shipment inspections, rules of origin ('made in'), and trade prepared investment measures. A 2019 UNCTAD report concluded that trade costs associated with non-tariff measures were more than double those of traditional tariffs. History The transition from tariffs to non-tariff barriers One of the reasons why industrialized countries have m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]