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Year-End Observations of Import/Export & Trade Compliance 2022

As 2022 draws to a close, it is time to take a look back at the year in import/export and trade compliance. This year has seen an increase in the number of countries, organizations, and individuals participating in the global trade arena.

In the United States, the Federal Trade Commission (FTC) has taken a proactive stance on enforcing compliance with both import and export regulations. The commission has increased the number of investigations and enforcement actions in the areas of price gouging, unfair practices, and intellectual property rights protection. The FTC has also focused on better educating and informing consumers of the risks associated with engaging in overseas trade activities.

Elsewhere, the European Union (EU) has implemented a new trade compliance framework to ensure all member states are in compliance with the common market regulations. This includes strengthening the enforcement of anti-dumping measures, imposing restrictions on certain imports, and better protecting intellectual property rights. The EU also recently completed negotiations on a new trade agreement with the United Kingdom, which will see the two countries cooperate on trade compliance matters.

At the regional level, the Association of Southeast Asian Nations (ASEAN) has been actively working to promote regional economic integration and cooperation. This includes the implementation of the ASEAN Trade in Services Agreement (ATISA), which is intended to liberalize trade in services across the region. The ASEAN has also made progress in creating a unified customs system, which is aimed at streamlining the clearance of goods across borders.

On the international front, the World Trade Organization (WTO) has continued to be the primary forum for resolving disputes over international trade. This year saw the WTO launch a new dispute settlement system, which is intended to provide a faster, more efficient way to resolve disputes. The WTO also finalized a new e-commerce agreement, which is intended to make it easier for businesses to operate in the global marketplace.

Overall, it has been a busy year for import/export and trade compliance. The global marketplace is constantly evolving, and it is important for businesses to stay informed about the latest developments. With the right knowledge and support, companies can ensure that their operations remain compliant with the latest standards and regulations. As the year draws to a close, it is important to take stock of the progress that has been made in the areas of import/export and trade compliance, and to look ahead to the year ahead.

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