Duty free shops are the main factor in the development of international trade

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Free economic zones are becoming an integral part of modern international relations. One of the most common types of them today is FTA - these are customs territories in which the process of selling goods takes place without the collection of duties and other restrictions on foreign trade. The number of free zones primarily includes special duty-free shops.

Store Locations

Most often these outlets are located in major international airports. The most common and popular type of duty free is shops located in the transit and departure areas. In addition, sales are also carried out through kiosks and individual stands, as well as in the air. Prices in duty-free on board the aircraft are much lower than in the airport area. This is mainly due to the minimum cost of trading, the only drawback is the limited range. Today, duty free is still an online store, the services of which are used more and more often. By choosing an item online, you can pay for it on board the aircraft of the international flight specified when ordering.

Also, duty-free shops can be found at checkpoints on the border of neighboring states, whichcross by car or on foot, as well as at major international seaports. The ships have a wide range of items. Prices here are usually increased, which is explained by the rather long duration of the sea trip.

Shopping

Basically, purchases made in duty-free are goods that are conventionally divided into two groups. The first consists of a traditional set, and the second depends on the specifics of the state.

The traditional group includes:

• alcohol;
• tobacco products;
• cosmetics and perfumes;
• jewelry.

As for specific goods, today in duty-free shops you can buy almost anything your heart desires: modern gadgets, clothes, souvenirs and much more.

Rules and restrictions

Indeed, duty-free outlets are a great opportunity to buy various goods at competitive prices. But there is another side to the duty-free coin: these are the rules and restrictions that exist when selling in such stores.

The rules of the organization are governed by the laws of the country in which it is located. And they are not the same for different states. For example, duty-free Sheremetyevo is regulated exclusively by the laws of the Russian Federation, in Frankfurt - by the laws of Germany.

Also, the rules are set depending on the customs conditions for the import and export of goods in the countries to be visited. For everybodyState restrictions are individual. But there are also general rules:

• when buying, it is mandatory to have a foreign passport and a boarding pass;
• limited number of items and purchases;
• limit on total purchases;
• restrictions on the export or import of a certain group of goods, which most often include tobacco products, alcohol, coffee and tea, perfumes and other specific products.

Duty free shops are the basis for the successful development of the economy through international trade and increased investment.