The procurement of import licenses and quotas is a critical process in international trade, particularly for businesses seeking to import goods into countries with regulatory controls. This chapter provides a concise overview of the significance and complexities involved in obtaining import licenses and quotas. It explores the reasons for these requirements, such as protecting domestic industries, managing trade imbalances, and ensuring compliance with international agreements. The chapter also examines the procedures and considerations involved in the procurement process, including application requirements, documentation, eligibility criteria, and quota management. By understanding and navigating the process of import license and quota procurement, businesses can ensure compliance with regulations, manage import restrictions, and facilitate successful import operations.
