Alerts & Updates 30th Jan 2023

International Trade Update – 2022 In-review and Outlook for 2023

Authors

Suhail Nathani Managing Partner | Mumbai
Sanjay Notani Partner | Mumbai
Parthsarathi Jha Partner | New Delhi | Noida
Ambarish Sathianathan Partner | Mumbai
Harika Bakaraju Principal Associate | Mumbai
Naghm Ghei Principal Associate | Mumbai
Akshay Jain Principal Associate | Mumbai
Prashant Sharma Consultant | Mumbai
Divyashree Suri Senior Associate | Delhi NCR
Mitul Kaushal Consultant | Delhi NCR

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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.

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