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.