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Some countries like USA do allocate quantity restrictions for import of items like textile on certain countries and exporters would have to adhere to the quota norms, which are periodically reviewed and amended as required. Import - Quantity Restrictions or Quota.Import of Fire Arms and Ammunitions are always covered under specific licenses in most of the countries.
DIFFERENT TYPES OF LICENSES IN ONTARIO LICENSE
Such license would set forth conditions required to be met by the importer to prove the residual life of the machinery etc. Such second hand machinery and goods are allowed to be imported into the receiving countries only through specific license obtained for the said purpose. Many items like second hand capital equipment, plant and machinery, engines etc are traded, transferred and imported normally by developing and under developed economies. Imports against Specific Import Licenses.While normal items and traded goods like textiles, consumer durables, Handicrafts, electronics items, Food articles, Drugs etc are generally allowed to be imported and exported by all countries freely without restrictions. Besides imposing duties, countries also restrict and manage the import and export of items with the help of Licenses to Import and Export. The management of duties and tariffs is managed through Trade Laws and Policies. Primarily import and export duties aim to encourage or restrict the consumption as well as production in the domestic economy and market.Ĭountries levy Import and Export Duties on specific items and also based on countries of origin.
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There are political as well as economic considerations that govern the import and export duties levied by Governments.
DIFFERENT TYPES OF LICENSES IN ONTARIO FREE
Though the countries and WTO have been advocating free trade and several Bi Lateral Treaties and Multi Lateral treaties have come into being to remove trade barriers from one member county to another, all of the countries still find the need to practice and have protectionist attitude towards international trade. While countries which are rich in resources look for exporting to other countries and earning foreign exchange, countries mostly the developed countries rely on imports from developing countries for their use.Ĭountries like Europe and Us are heavily dependant upon Imports, developing countries like China and other Asian countries tend to rely on exports to these countries. The nature of economies namely under developed, developing and developed countries as well as the availability of natural resources, labor, technology and capital required for production etc play a important role in countries economy as well as its reliance on international trade. International Trade has become the order of the day in the current environment of Globalization.