Duty-Free Trade

Duty-free trade involves the sale of goods in international airports or border crossings without local taxes or import duties. Travelers purchase items such as cosmetics, electronics, or alcohol at these shops, often at lower prices than in regular retail outlets. These goods are intended for personal use and are typically not subject to local taxes because they will be taken out of the country. Duty-free trade facilitates international travel by offering convenience and potential savings, reducing the tax burden on goods bought for personal use during transit.