GlossaryEN1 min readUpdated: Jun 8, 2026
customs tariff strategy
Companies can optimize customs costs through several levers: precise classification (selecting the correct tariff code), optimal valuation, leveraging origin declarations (to benefit from trade agreements), and choosing efficient clearance procedures.
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Source: https://en.wikipedia.org/wiki/Customs_tariff
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Incoterms 2020 Simulator: Who bears costs & risk?
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Companies can optimize customs costs through several levers: precise classification (selecting the correct tariff code), optimal valuation, leveraging origin declarations (to benefit from trade agreements), and choosing efficient clearance procedures. A tariff strategy integrates these elements systematically. Beyond lower duties, companies achieve faster clearance and reduced compliance risk.
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⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
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