What is the difference between import and export duties?

Import and export duties refer to the taxes that are imposed on goods being brought into or sent out of Pennsylvania. Import duties are taxes that are imposed on goods being brought into the state. These taxes are collected by the government in order to generate revenue, and the amount of tax depends on the type of good being imported. Export duties are taxes that are imposed on goods that are leaving the state. These taxes help to protect the local economy and the jobs that come with it. Import and export duties are both necessary in order for international trade law to govern the flow of goods in and out of Pennsylvania. Import duties help to protect domestic industries by making it more costly for foreign products to be imported into the state. This can help to protect domestic jobs and the overall economy. Export duties make it more expensive for goods to be sent out of the state, enabling the government to collect tax revenue from them. This way, the government can make sure that businesses are not sending goods out of the state without paying the appropriate taxes. Import and export duties are both a part of international trade law in Pennsylvania, and both are necessary for the proper functioning of the economy. Imports help to protect domestic industries and jobs, while export duties help the government to generate revenue. Together, these taxes make sure that businesses in Pennsylvania are playing by the international trade rules.

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What is the difference between import and export duties?

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