Options for the development of duty free trade were discussed today at a meeting at the Palace of Independence. In Belarus, the number of specialized shops exempt from customs duties has tripled over the past 5 years. Now there are 69 of them. According to experts, this is not just a trade tool for a long time, but an integral part of the comfort zone for those, who cross the border. But, the President's key requirements is that the development of this market should be carried out under the strict supervision of regulatory authorities.
Not only taxes are deducted from the cost of goods, but also the cost of renting retail space, staff salaries, etc.
Now, according to the statistics, every fourth passenger of international flights at the airport and every third tourist leaving Belarus by road visits Duty Free and 90% of the profits are made by these stores from alcohol, cigarettes and perfumes.
Development of duty-free shops will not affect the domestic producers.
