All articles tagged with #duty free
India and New Zealand have announced a free trade agreement that will make the majority of goods traded between the two countries duty-free, with nearly 57% of New Zealand's exports becoming duty-free in India from day one, and a $20 billion investment from New Zealand in India over 15 years, aiming to boost trade, investment, and mobility of professionals and students.
Donald Trump has imposed new tariffs on small packages as the duty-free exemption comes to an end, impacting international trade and shipping costs.
The surge of duty-free packages from China valued at less than $800 into the United States has become a major trade fight in Congress. Efforts to lower the threshold amount or exclude certain countries altogether from duty-free treatment are set to become a major trade fight in this Congress. The Select Committee on the Chinese Communist Party said that exploiting the $800 threshold may be a major avenue through which Chinese companies selling directly to American consumers can circumvent U.S. law designed to prevent the sale of goods made with forced labor.