The edition of Trade Intelligence covers December 2024 to February 2025, with a new focus on concise, high-level reporting to make it easier for readers to identify relevant topics. Detailed information is accessible via links or through PwC contacts.
Key Regional Updates:
- Australia: Implemented reforms in export control and announced tariff changes under various Free Trade Agreements.
- China: Imposed retaliatory tariffs on US and Canadian goods, with significant increases on certain products.
- India: Introduced digital customs updates and new import guidelines for IT equipment.
- Korea: Initiated regular foreign exchange audits and integrated origin verification audits.
- Indonesia: Raised VAT rates and updated customs audit processes.
- Philippines: Launched pre-shipment verification and electronic invoicing systems.
- Singapore: Updated regulations for electronic waste and transshipment procedures.
- Taiwan: Extended anti-dumping duties on steel products from China and Korea.
- Thailand: Tightened self-disclosure requirements under the OSSP and updated electronic certificate of origin processes.
Source PwC
