IOR means Importer of Record, the entity responsible for ensuring that imported goods comply with all local laws and regulations. An IOR handles customs documentation, pays duties and taxes, and ensures proper clearance. Businesses use IOR services to simplify international shipping and avoid legal risks when importing goods into foreign countries.
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How Efficient Freight Forwarding Services Ensure Seamless Global Logistics in 2026
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The seven instruments of trade policy include tariffs, import quotas, export subsidies, voluntary export restraints, local content requirements, administrative policies, and anti-dumping duties. These tools help governments control imports and exports, protect domestic industries, and regulate international trade flows effectively.
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