SOUTH AND SOUTHEAST ASIAN IMPORT RESTRICTIONS DAMAGE THE COSMETICS SECTOR
August 30th, 2022
With inflation and hard currency shortages compounding the economic disruption caused by Covid-19, governments in south and south-east Asia have been implementing unorthodox trade controls to wrestle control – unfortunately, the beauty sector has been a victim.
Pakistan is a case in point. Its government in May (2022), having one month earlier taken over from ex-cricketer Prime Minister Imran Khan, banned the imports of all non-essential luxury goods including cosmetics until July 28 – and then replaced them with swingeing import tariffs. The government’s ...
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