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This lesson focuses on the core customs processes involved in international trade. Students will examine how import and export procedures work in practice and how tariffs, duties, and taxes are applied to cross-border shipments.
Key topics include:
• Import and export clearance procedures
• Types of customs duties and taxes
• Tariff systems and trade agreements
• VAT, excise, and other border charges
By the end of this lesson, students will be able to navigate customs processes, understand landed cost formation, and recognize how tariffs and taxes affect international trade decisions.