Under Hungary's liberalized import policies, 93% of all imports do not require licenses. Under World Trade Organization (WTO) rules, import licenses on certain products from WTO states are no longer required. Under the same regulations, Hungary is required to eliminate quotas on textiles, clothing, and other industrial products by 2004. Duties for countries with most-favored-nation status stood at around 8% in 2002, but could be over 100% for selected commodities.
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