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A trade agreement is a treaty between two or more countries to establish trade rules and reduce trade barriers. In fashion trade, agreements can influence where companies source their materials and produce their goods.

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period. In fashion trade, quotas can restrict the volume of textiles and apparel products allowed to enter a country.

Customs is the official department that administers and collects the duties levied by a government on imported goods. In fashion trade, customs plays a crucial role in regulating and clearing goods for entry.

A tariff is a tax imposed on imported goods and services. In fashion trade, tariffs can affect the cost and price competitiveness of imported fashion goods.

Transshipment involves transferring goods from one mode of transportation to another during the journey to their final destination. In fashion logistics, it is used to efficiently route apparel from manufacturers to retailers.

Country of origin refers to the country where goods were manufactured or produced. In fashion trade, the country of origin can affect the tariffs imposed and must be reported on customs declarations.

Incoterms are internationally recognized standard trade terms used in sales contracts. They define responsibilities of buyers and sellers in fashion trade, such as who pays for shipping, insurance, and customs duties.

A duty is a kind of tax that is paid on the import or export of goods. In fashion trade, duties affect the final retail price of imported fashion products.

A textile quota is a specific type of quota that limits the amount of textiles that can be imported into a country. In fashion trade, textile quotas control the supply and influence market prices.

The Harmonized System (HS) is an international nomenclature for the classification of products. In fashion trade, it allows participating countries to classify traded goods on a common basis for customs purposes.

An export license is a government document that authorizes the export of specific goods in specific quantities to a particular destination. This is crucial for fashion companies exporting textiles and garments subject to export controls.

Anti-dumping duties are tariffs imposed on foreign imports believed to be priced below fair market value. In fashion, these duties protect domestic industries from unfair foreign pricing practices.

A bill of lading is a legal document between a shipper and carrier detailing the type, quantity, and destination of the goods being carried. In fashion trade, it serves as a shipment receipt and can be used to transfer title.

A seasonal collection refers to a set of fashion products designed for a specific season, such as spring/summer or fall/winter. In fashion trade, seasonal collections dictate buying and production cycles.

A free trade zone (FTZ) is a designated area in which goods can be imported, stored, and manufactured without direct intervention from customs. In fashion trade, FTZs can be used to assemble garments without incurring import duties.

Counterfeit goods are imitation products that are sold under another company's brand name without their permission. In fashion trade, counterfeit goods infringe on intellectual property rights and are illegal.

A trade embargo is a government order that restricts commerce with a specified country. In fashion trade, an embargo can halt the import or export of fashion goods to and from that country.