A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Import quota

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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Import restrictions

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…

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Import 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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Importer

The individual, firm or legal entity that brings articles of trade from a foreign source into a domestic market in the course of trade. A party responsible for customs clearance of imported goods. Some countries define importer as the party…

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