TradeLane

Pursuant to the introduction of CAROTAR, 2020, there were several difficulties that were being faced by legitimate importers resulting in delay or denial of preferential duty benefits available under Free Trade Agreements.

This week we feature The Expeditors Podcast with host Chris Parker. The podcast shares observations, perspectives, and discussions on front-of-mind topics impacting the logistics and freight-forwarding industry through the lens of Expeditors, a global logistics provider. Expeditors generates highly optimized and customized supply chain solutions for their clients with unified technology systems integrated through a global network of 357 locations in 60+ countries on six continents.

As we reach the one-year pandemic mark here in the US, I’d like to congratulate you all on the ways that you’ve approached an unstable international trade environment. There were lots of curveballs thrown at us amidst an unprecedented disruption to the mechanics of most economies. There are additional hurdles in front of us, but recovery appears to be possible.

If I learned anything from 2020, it’s that I don’t know what is in store for the future. In the last few years, we went from talking about how the Trans-Pacific Partnership (TPP) would transform trade, to Brexit, to the trade war, to the global pandemic.

With global trade tensions continuing the same course, despite a global pandemic, we have come across many multinational corporations looking to reinforce their supply chains by relocating some manufacturing to Southeast Asia. Along with Vietnam and Thailand, Malaysia is a frequent candidate. Here are some things to consider when looking at Malaysia.