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An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer.<ref>Joshi, Rakesh Mohan, (2009) International Business, Oxford University Press, New Delhi and New York ISBN 0-19-568909-7</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=book }}</ref> An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade.

In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.


Import sections
Intro  Definition  Balance of trade  Types of import   See also    References   External links  

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Page creatorZzuuzz (Talk | contribs)
Date of page creation18:20, 31 October 2015
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