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Trade Intelligence Asia Pacific June 2024

  • Australia strengthens export control measures to align with AUKUS allies
  • China passes new Customs Tariff Law
  • Revised declaration requirements, extended validity period of advance rulings and electronic voluntary disclosures in China 
  • India Tribunal issues a ruling on treatment of licence and royalty fees 
  • Update on import restrictions in Indonesia
  • Japan looking to do more trade deals with “the Global South” 
  • Korea Customs releases instructions on providing information when under audit or investigation
  • Malaysia defers implementation of High Value Goods Tax
  • New controls for import, export, and transit of electronic waste in Singapore
  • Lowvalue goods imported into Thailand to be subject to 7% VAT 

Source PwC

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