What does import license mean?
Definitions for import license
im·port li·cense
This dictionary definitions page includes all the possible meanings, example usage and translations of the word import license.
Wikipedia
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 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.
Wikidata
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.
Numerology
Chaldean Numerology
The numerical value of import license in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of import license in Pythagorean Numerology is: 5
Translations for import license
From our Multilingual Translation Dictionary
- आयात लाइसेंसHindi
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"import license." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/import+license>.
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