What does import license mean?

Definitions for import license
im·port li·cense

Here are all the possible meanings and translations of the word import license.

Freebase

  1. 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 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.

How to pronounce import license?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say import license in sign language?

  1. importlicense

Numerology

  1. Chaldean Numerology

    The numerical value of import license in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of import license in Pythagorean Numerology is: 5

Images & Illustrations of import license

  1. import licenseimport licenseimport licenseimport licenseimport license


Translations for import license

From our Multilingual Translation Dictionary

  • आयात लाइसेंसHindi

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"import license." Definitions.net. STANDS4 LLC, 2019. Web. 15 Sep. 2019. <https://www.definitions.net/definition/import+license>.

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