Common use of Import Licensing Clause in Contracts

Import Licensing. 1. Neither Party shall adopt or maintain a measure that is inconsistent with the Import Licensing Agreement and to this end the Import Licensing Agreement is incorporated into and made part of this Agreement, mutatis mutandis. 2. (a) Promptly after the entry into force of this Agreement, each Party shall notify the other Party of its existing import licensing procedures, if any. The notification shall: (i) include the information specified in Article 5 of the Import Licensing Agreement; and (ii) be without prejudice as to whether the import licensing procedure is consistent with this Agreement. (b) Before applying any new or modified import licensing procedure, a Party shall publish the new procedure or modification on an official government website or in a single official journal. The Party shall do so at least 20 days before the new procedure or modification takes effect.