Alerts & Updates 30th Jan 2023
India’s role in global trade experienced significant highs in 2022 compared to recent years, buoyed by a post-COVID recovery in critical sectors. With the world economy still struggling to bounce back from the effects of COVID-19 and the Ukraine conflict, the Indian economy witnessed key developments on the regulatory and economic front. Significant progress was also seen in bilateral and multilateral negotiations, the conclusion of several FTAs as well as important trade policy measures adopted by India. In this retrospective, ELP’s International Trade and Customs Practice team examines prominent trade issues from an Indian viewpoint, reflecting on the key trends in international trade in 2022 and their implications for India and the world. Finally, our analysis also includes insight into how these developments may progress with a forward-facing outlook.
We hope you will find it to be an interesting read. Watch this space for more detailed analyses on emerging issues such as Forced Labour, CBAM, Foreign Subsidies Regulations and other vital legislation impacting India’s businesses.