A document required and issued by some national governments authorizing the importation of goods.
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A protective ruling establishing limits o the quantity of a particular product that can be imported. Quotas are a means of restricting imports by the issuance of licenses to importers, assigning each a quota after determination of the total amount…
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Any one of a series of tariff and no-tariff barriers imposed by a importing nation to control the volume of goods coming into the country from other countries. May include the imposition of tariffs or import quotas, restrictions on the…
Read MoreImport substitution
A strategy that emphasizes the replacement of imports with domestically produced goods, rather than the production of goods for export, to encourage the development of domestic industry.
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