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What is duty-free trade?

Updated: 8/22/2023
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12y ago

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Duty-free markets have duty-free shops - which are retail outlets that do not apply local or national taxes and duties. Shoppers may, however, still have to pay duties in their home country on items purchased from a duty-free shop. They are often found in the international zone of international airports, sea ports or on board passenger ships.

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12y ago
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12y ago

Products available for sale, without taxes... In America, on Native American reservations, Federal Excise Taxes (F.E.T.) are inapplicable, resulting in a lower price for the consumer, and higher sales rates for the merchant.

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