How Long Does It Take to Get a BMW 540i Allocation?
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BMW 540i allocation takes at least three months. Definition of Allocation: Allocation is short for "import quota." It limits the total annual volume of imports allowed into a country. This is the most popular non-tariff trade barrier. Governments issue a limited number of licenses for legal imports through competitive auctions, fixed allocations, or resource application procedures. Imports are prohibited without a license. Introduction to Quota System Protection: The quota system protects domestic industries at the cost of restricting international trade, which has long been firmly opposed by advocates of trade liberalism. Since the 1947 General Agreement on Tariffs and Trade (GATT), GATT/WTO contracting parties/members have made tremendous efforts to reduce and eliminate the quota system. During each round of negotiations or when a new country (region) joins, the relevant countries (regions) are almost always required to significantly reduce or cancel quotas.