LATAM
Airports
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APAC
APTRA
Asia Pacific
Aviation
brexit
Canada
cannes
cosmetics
counterfeit
counterfeiting
DFWC
duty free
Economy
EU
Europe
European Union
fake
free trade zones
free zones
ftzs
illicit trade
intellectual property theft
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itp
Jesrsey
LATAM
Latin America
luxury goods
Media
mislabelling
Netherlands
OECD
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smuggling
Studies
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Tax
tax free
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the economist
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United Kingdom
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Economic impact of duty free and travel retail in the Americas
A 2018 report by the Duty Free World Council and Tax Free World Association examining the economic impact of duty free and travel retail for the Americas. The report finds In 2016, US$12.9 billion was spent on duty free and travel retail in the Americas.
with nearly US$1.9 billion in the U.S. and Canada and US$4.8 billion in Latin America and the Caribbean, most of which was generated within airport terminals.