import licensing definition

import licensing means administrative procedures used for the operation of import licensing regimes requiring the submission of an application or other documentation (other than that required for customs purposes) to the relevant administrative body as a prior condition for importation to the importing Party.
import licensing is defined as the administrative procedures used for the operation of import licensing regimes requiring the submission of an application, or other documentation, to the relevant administrative body as a prior condition for importation into the customs territory of the importing country. With respect to TRQ administration, the Licensing Agreement identifies seven principal methods of TRQ administration. WTO Members are required to notify the WTO of whether and how the tariff quotas listed in their tariff schedules are administered. The seven principal methods are:

Examples of import licensing in a sentence

  • Import licensing for textile and clothing products was abolished in 1995.

Related to import licensing