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【正文】 on . (2)An export license grants permission to conduct a certain type of export transaction (3) An import quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. 1 Quotas, like other trade restrictions, are used to benefit the producers of a good in a domestic economy at the expense of all consumers of the good in that economy ? A subsidy is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributed as subventions in an industry to prevent the decline of that industry or an increase in the prices of its products or simply to encourage it to hire more labor. ? A voluntary export restraint (VER) or voluntary export restriction is a government imposed limit on the quantity of goods that can be exported out of a country during a specified period of time . ? Typically VERs arise when the importpeting industries seek protection from a surge of imports from particular exporting countries. VERs are then offered by the exporter to appease the importing country and to deter the other party from imposing even more explicit (and less flexible) trade barriers Local Content Requirements ? The product you produce must contain the local content. ? February 09 2023 ? New Local Content Requirements On November ,25, 2023 the Ministry of Petroleum issued Order 127/03, which sets out requirements on the procurement of goods and hiring of services by oil panies operating in Angola. Although these panies were already subject to certain restrictions under the terms of their agreements, the Ministry of Petroleum seems mitted to tightening up the hiring of foreign contractors by the oil industry. embargo ? An embargo is the partial or plete prohibition of merce and trade with a particular country, in order to isolate it. Embargoes are considered strong diplomatic measures imposed in an
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