What is duty-free trade?
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Duty-free refers to the act of being able to purchase an item in particular circumstances without paying import, sales, value-added, or other taxes. Duty-free stores are an enticing perk of international travel.
These retail businesses sell merchandise that is exempt from duties and taxes with the understanding they will be taken out of the country for use. Many popular duty-free items found in airport shops include liquor, chocolate, and perfume.
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