What is Entrepot?

6. What is Entrepot?

  1. The mutual exchange of services or goods between international regions and borders
  2. Bring goods from an external source
  3. A commodity conveyed from one country or region to another for purposes of trade
  4. The import of goods and re-export to a third party without having to pay Customs Duty

Answer: D) The import of goods and re-export to a third party without having to pay Customs Duty

Explanation:

Entrepot Trade means one country imports the goods to export them to some other country to avail a reduced or no customs duty. This type of trade is majorly used by Sri Lanka.

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