Rajah & Tann Asia's Annual Regional Trade Report 2022
2022 has been an interesting year as the world emerged from the pandemic. Hard core restrictions from the pandemic are all but gone and face-to-face meetings are starting to become the norm again. We are not quite at the fervour that we were at pre-pandemic, although the chorus would agree that 2021 remains an exceptional year.
Going into 2023, the prognosis is that it is going to be a challenging year with headwinds. Yet, this may not be the case for trade law related matters, where there have been interesting developments in 2022, and continued supply chain disruptions which are seeing a changing global trade play.
In this Annual Report, we highlight key developments across Southeast Asia, such as regulatory activity relating to anti-dumping and safeguard measures, developments relating to export/import, free trade agreements, as well as sanctions, as they have occurred in 2022. Businesses are reminded to stay updated on legislative and enforcement developments on trade-related matters, which involves not only legal compliance but also understanding practically how to work with regulators. It is important for your internal trade processes to be continually monitored and updated, and for your employees to be continually trained and skilled. If you would like us to come in and do a training or dialogue with you, we would be happy to do so. We look forward to more opportunities to work and engage with you this year.
As we get into the 2023, we wish you the Very Best for the Year, and look forward to working with you. Our team stands ready to assist in any case or query or just to have a chat.