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La Li Lo

Labelling requirement

Labelling requirements are measures defining the information which should be provided to the consumer. Labelling is any written, electronic, or graphic communication on the consumer packaging or on a separate but associated label (e.g. labels that specify the storage conditions;…

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Licence

In international trade a revocable privilege granted by a government for activities that would otherwise be illegal, such as an import licence.

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Licence for specific use

A licence for specified use is a licence granted only for imports of products to be used for pre-specified purpose. Normally granted for use in operations generating anticipated benefit in important domains of the economy (e.g. licence to import steel…

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Liner tariff reduction

A reduction by a given percentage for all tariffs maintained by countries participating in trade negotiations, with or without exceptions for products deemed to be sensitive.

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Local content measures

Local content measures are requirement to use certain minimum levels of locally made component, restricting the level of importing components (e.g. Imports of clothing is allowed only if more than 50% of the materials used are originating from the importing…

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