Meaning : Duty Free quota free
Category : Business
Sub Category : Import Export
What does DFQF mean or stand for ?
DFQF is a program that was proposed by the United Nations and the WTO – World Trade Organisation to give access to least developed countries (LDC) to easy trade and import from richer nations.
The LDCs would be able to import cheaper goods because of they would not be charged duty and import fees from these countries.hong Kong was one of the first countries to be inducted into this program as they are one of the biggest exporters of electronics goods in the world.
This in turn would be beneficial to the LDCs to improve their infrastructure and be able to purchase commodities as well as raw materials at a much lower cost.