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International trade blog

Import duties in Vatican City

An illustration featuring elements of global trade such as a plane, shipping containers, a globe, coins, a truck, and a laptop with currency symbols.

The smallest sovereign state on the planet, Vatican City, has its own arrangement of business and economics. Rather than most nations, Vatican City doesn’t charge import charges on things that are brought into the city. The nation has a customs-free trading environment because of its restricted industrial activity, small size, and unique economic agreements with […]