CEFTA
What is the purpose of an import license?
An import license plays a vital role in several aspects, such as
- Safeguarding domestic industries from unfair foreign competition by imposing restrictions on imported goods;
- Monitoring and preventing the import of items that could be unsafe or prohibited;
- Controlling the outflow of currency so as to maintain economic stability; and
- Ensuring that potentially hazardous or sensitive goods are managed with appropriate care upon entry.