What are the best practices for minimizing customs duties and tariffs in international trade?
If you are involved in international trade, you know how complex and costly customs duties and tariffs can be. These are taxes imposed by governments on imported or exported goods, and they can vary widely depending on the country, product, and trade agreement. Customs duties and tariffs can affect your profitability, cash flow, and compliance. How can you minimize them and optimize your logistics management? Here are some best practices to follow.