Prior import deposit

A deposit required by a government of a specific sum, in domestic or foreign currency, usually corresponding to a certain percentage of the value of the imported products. Such deposits are characteristically held without interest, sometimes for many months -from…

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Private/Voluntary standards

The term private standards as used by WTO, FAO or UNIDO relates to standards developed by non-governmental entities. These include individual firms, industry organizations, and non-governmental organizations, among others. As such, compliance to these standards is not legally required by national governments…

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