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Customs role in International Trade

From Bangladesh
To Egypt
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Rayyan Z.
Mar 23, 2021

What is customs, and what is its role in international trade?

1 answer

Reyansh G.
Mar 23, 2021

Customs refers to the official department that administers and collects duties levied by a government on imported goods. Exports from the U.S. are monitored by U.S. Customs and Border Protection (CBP). The customs agency of the country of import is responsible for enforcement of import laws and the collection of duties and taxes.

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