Export License

Export License

Permission from the exporter's government to export specific merchandise to a particular country.

Export License

A license that a government issues to an exporter granting permission to sell certain goods to a given country. Because countries have different trade agreements with other governments, and sometimes do not allow any trade with some nations, export licenses ensure that exporters are adhering to all applicable laws.
References in periodicals archive ?
The outcome of that investigation will inform our assessment of future export license applications to the Hong Kong Police.
"We are trying to come up with a solution where an open general export license for certain products to certain countries will be issued.
Met museum further explained that Egypt gave the Manhattan District attorney a valid proof of its ownership of the artifact and that the export license of the trader was forged.
The refusal occurred last June after the company's original export license expired in April, according to the Wall Street Journal.
Argaam earlier reported that Tadawul-listed Najran Cement obtained in February the first cement export license to reduce its stockpiles, which had built up to some 3 million tonnes.
"I write directly to you as I am aware that you hold our company and its products in very high regard and hope that you could possibly oversee the revisiting of the Export License, with a view to consulting with SMD senior staff to try and overcome the difficulties, which I am led to believe are not impassable with some careful negotiation and technical changes."
A report by the (http://www.ap.org/) AP said China's Ministry of Commerce recently issued a new set of guidelines for 2015 which stated that "rare earths will require an export license but the amount that can be sold abroad will no longer be covered by a quota." China, which supplies over 90 percent of the world's demand for rare earths, imposed its export curbs on the precious metals in 2009.
CybAero applied on September 30 for an export license for the first 20 systems.
Turkish energy company Kartet has secured a deal to export electricity to northern Iraq and has applied for an export license. That development could add to tensions between Baghdad and Ankara.
US prosecutors said that Xun Wang faces up to five years in jail and a fine of $250,000 for conspiring to violate US law by sending the high-quality paint coatings to Pakistan via China after being refused a US export license.
Attorney General and the Secretary of Homeland Security, the Secretary of Commerce should assess the extent to which foreign nationals from countries of concern who were issued specialty occupation visas also should have been covered by deemed export license applications.
"The company's pursuit of an export license from the Ministry of Commerce and Industry does not mean that it will export steel in this current period," Sabic's Mutlaq al-Morshed told Al-Watan newspaper.

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