Common use of Import Licensing Clause in Contracts

Import Licensing. 1. Neither Party shall adopt or maintain a measure that is inconsistent with the Import Licensing Agreement. 2. (a) Promptly after this Agreement enters into force, each Party shall notify the other Party of its existing import licensing procedures, if any. The notification shall: (i) include the information specified in Article 5 of the Import Licensing Agreement; and (ii) be without prejudice as to whether the import licensing procedure is consistent with this Agreement. (b) Before applying any new or modified import licensing procedure, a Party shall publish the new procedure or modification on an official government Internet site or in a single official journal. To the extent possible, the Party shall do so at least 20 days before the new procedure or modification takes effect. 3. Neither Party shall apply an import licensing procedure to a good of the other Party unless it has provided notification in accordance with paragraph 2.