Pleased to share the PWC Asia Customs & Trade February / March 2021 issue of Trade Intelligence which includes the following highlights: · Lead Article - Celebrate or Commiserate? Taking stock in the world of customs and international trade · ASEAN signs MRA impacting automotive products · Korea-Central America FTA enters into full force · China releases draft administrative measures on approved exporters · India’s digitisation initiatives · Revocation of excise duty exemptio

With concerns over Chinese strategic relations in South Asia, India should reach out to its neighbours, have better terms of trade with them. At a time when it is increasingly worried about growing Chinese economic and strategic relationships in the region, India is missing a “costless” trick. As the numbers show, it can trade a lot more within the region, both in terms of exports and imports. This piece focuses more on India’s imports from South Asia, because larger and more

China has established itself as a major trade partner of South Asia. This mainly reflects the region’s strategic importance for China’s Belt and Road Initiative. Despite geographical proximity and the existence of bilateral and multilateral free trade agreements (FTAs), South Asia is one of the least economically integrated regions in the world. Owing to protectionist policies, high logistics cost, lack of political will and a broader trust deficit, intra-regional trade in So

Very few executives could have predicted a virus originating in China would lead to worldwide economic devastation in 2020. Just four months after the first official reports of the COVID-19 outbreak in Wuhan, more than three million cases have been confirmed globally, and with this comes exponential economic unrest. The pandemic could possibly trim global economic growth by 2% while global trade is predicted to plummet by up to 32%, according to Congressional Research Service

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GTDW are pleased to share the latest regional news from PWC on trade & customs in Asia Pacific. The February / March 2020 issue of Trade Intelligence includes the following highlights: Feature Article : Veni vidi vici virus - Managing cross-border trade during and after the crisis COVID-related measures - at the start of each country report; overview Malaysia simplifies back-to-back Certificate of Origin applications Philippines introduces Provisional Goods Declarations Thail

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Specialists in specific cargoes will carry out virtual assessments The Customs Department will take the ease of doing business initiatives to the next level by rolling out the concept of faceless assessment of cargo across the country over the next few months, whereby consignments will be assessed by a virtual group irrespective of where the Bill of Entry is filed, a top official has said. A Bill of Entry is a document filed by an importer or an exporter specifying the nature

Amazon will empower brands in #india to directly remove a seller’s listings from its platform through a new programme called #projectzero in a bid to fight against #counterfeit #fakegoods on its platform. Amazon will use technology to take down listings it believes are counterfeits automatically, and give #certifiedbrands the ability to remove listings without approval from Amazon. “If, for some reason, our automated protections miss a #counterfeitlisting that makes it onto o