Common use of Import Licensing Clause in Contracts

Import Licensing. 1. Each Party shall ensure that import licensing regimes applied to goods originating in the other Party are applied in accordance with the WTO Agreement, and in particular, with the provisions of the Agreement on Import Licensing Procedures. 2. Neither Party shall apply import licensing to goods traded between the Parties unless such licensing is: (a) used to administer a quantitative restriction on imports in conformity with this Agreement or with the WTO Agreement; (b) used for purposes other than the implementation of quantitative restrictions in conformity with this Agreement, the WTO Agreement or other international obligations; or (c) automatic within the meaning of Article 2.1 of the Agreement on Import Licensing Procedures. 3. Promptly after the date of entry into force of this Agreement, each Party shall notify the other Party of its existing import licensing regimes and related licensing procedures. Thereafter each Party shall notify the other Party of any new import licensing procedure and any modification to its existing import licensing procedures, to the extent possible 60 days before it takes effect but in any case no later than the effective date of the licensing procedure. A notification provided in accordance with this Article shall include the information specified in paragraphs 2 through 4 of Article 5 of the Agreement on Import Licensing Procedures. 4. Each Party shall answer within 30 days all reasonable enquiries from the other Party with regard to criteria employed by its respective licensing authorities in granting or denying import licences.