Ministry of Finance, Singapore Customs’ Post

The Regional Comprehensive Economic Partnership (RCEP) has made significant steps in adhering to the World Trade Organization’s Trade Facilitation Agreement (WTO TFA). The RCEP agreement is designed to facilitate expansion of regional trade and investment, contributing to global economic growth and development.   The RCEP agreement includes provisions that align with the WTO TFA, such as customs procedures and trade facilitation. It also encourages transparency in import licensing procedures and has a clear consultation mechanism to address non-tariff barriers and dispute settlement mechanisms.   Moreover, the RCEP promotes trade transparency, which is important for a fair and predictable business environment. However, it’s important to note that monitoring the implementation of these measures requires the consistent commitment of all parties involved to make it a powerful, inclusive, and meaningful agreement for ASEAN moving forward. I wrote some of my thoughts on medium. #RCEP #Tradefacilitation #ASEAN

Navigating international trade within the EU? 🌍 Learn more about the EORI number with these quick facts! 💼🔍 1️⃣ It’s your ticket to trade across the EU - one number fits all! 2️⃣ Essential for smooth import and export operations. 3️⃣ No worries about renewal - it doesn’t expire. 4️⃣ Both businesses and individuals involved in export/import need one. 5️⃣ The number consists of your country code plus an up-to15-digit combo. Stay informed and streamline your customs process. For a full guide, check out our article👉https://lnkd.in/d7MhAtAV #EORINumber #InternationalTrade #CustomsClearance #Eurofiscalis

KEY DATE 15TH DEC 2024 AND THE 1ST FREE TRADE AGREEMENT WITH MALAYSIA Over 50% of respondents in a recent British Chamber of Commerce survey were unaware of the UK joining the Asia Pacific trade bloc CPTPP or even what it is. And it all happens on the 15th December 2024 The UK and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 soon to be 12 countries across the Asia-Pacific region. It aims to reduce trade barriers and tariffs between member countries, providing enhanced access to markets. When this comes into force on Sunday 15th December it will be the first free trade agreement between the UK and Malaysia. This is because there are already UK trade agreements with other countries in the bloc. The UK's accession to the CPTPP has implications for traders and customs agents alike because we are adapting to new trade rules and processes so we can continue to give you the best advice. Make RENSAT your next call for global customs excellence. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #logistics #supplychain #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #SeamlessShippingUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK #CustomsComplianceUK #Carnet #ATACarnet

KEY DATE 15TH DEC 2024 AND THE 1ST FREE TRADE AGREEMENT WITH MALAYSIA Over 50% of respondents in a recent British Chamber of Commerce survey were unaware of the UK joining the Asia Pacific trade bloc CPTPP or even what it is. And it all happens on the 15th December 2024 The UK and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 soon to be 12 countries across the Asia-Pacific region. It aims to reduce trade barriers and tariffs between member countries, providing enhanced access to markets. When this comes into force on Sunday 15th December it will be the first free trade agreement between the UK and Malaysia. This is because there are already UK trade agreements with other countries in the bloc. The UK's accession to the CPTPP has implications for traders and customs agents alike because we are adapting to new trade rules and processes so we can continue to give you the best advice. Make RENSAT your next call for global customs excellence. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #logistics #supplychain #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #SeamlessShippingUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK #CustomsComplianceUK #Carnet #ATACarnet

KEY DATE 15TH DEC 2024 AND THE 1ST FREE TRADE AGREEMENT WITH MALAYSIA Over 50% of respondents in a recent British Chamber of Commerce survey were unaware of the UK joining the Asia Pacific trade bloc CPTPP or even what it is. And it all happens on the 15th December 2024 The UK and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 soon to be 12 countries across the Asia-Pacific region. It aims to reduce trade barriers and tariffs between member countries, providing enhanced access to markets. When this comes into force on Sunday 15th December it will be the first free trade agreement between the UK and Malaysia. This is because there are already UK trade agreements with other countries in the bloc. The UK's accession to the CPTPP has implications for traders and customs agents alike because we are adapting to new trade rules and processes so we can continue to give you the best advice. Make RENSAT your next call for global customs excellence. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #logistics #supplychain #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #SeamlessShippingUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK #CustomsComplianceUK #Carnet #ATACarnet

𝐃𝐅𝐃𝐋 𝐂𝐮𝐬𝐭𝐨𝐦𝐬 𝐆𝐮𝐢𝐝𝐞 𝟐𝟎𝟐𝟓  We are pleased to have supported DFDL Cambodia in developing the DFDL Customs Guide 2025. This comprehensive resource is designed to help businesses navigate Cambodia’s customs processes and regulations with ease. It includes detailed information on customs procedures, trade agreements, duties, taxes, and the latest reforms.   Key Features - 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐬 𝐏𝐫𝐨𝐜𝐞𝐝𝐮𝐫𝐞𝐬: Step-by-step guidance for imports, exports, and transit processes. - 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Learn about advanced programs like the Best Trader Incentive Mechanism (BTIM) and Authorized Economic Operator (AEO). - 𝐌𝐚𝐣𝐨𝐫 𝐓𝐫𝐚𝐝𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭𝐬: Stay updated on Cambodia’s participation in RCEP, CAM-UAE CEPA, and other agreements. - 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬: Discover tools to streamline compliance and enhance operational efficiency. 📘 Read it here: https://shorturl.at/Jg3n7   #EuroChamCambodia #DFDL #CustomsGuide2025 #CambodiaCustoms #TradeCompliance

🚀 On December 5, 2024, Taiwan and Canada signed the Mutual Recognition Arrangement (MRA) for the Authorized Economic Operator (AEO) and Partners in Protection (PIP) programs during the 20th Annual Canada-Taiwan Economic Consultations in Taipei. 🇹🇼🤝🇨🇦 This milestone allows AEO/PIP certified exporters from both countries to enjoy preferential customs treatments, enhancing trade facilitation and supply chain security! With Taiwan being Canada’s 6th largest trading partner in Asia and an average annual trade value of $5 billion, this agreement promises significant economic benefits. 💰📈 Taiwan Customs has led the AEO program since 2009, now with 952 certified AEOs. This is the 10th MRA Taiwan has signed, bolstering its commitment to global trade partnerships. 🌍✨ #TradeRelations #EconomicGrowth #CustomsCooperation #Taiwan #Canada #AEO #PIP #Exporters #TradeFacilitation Source: https://lnkd.in/g-47u4aZ https://lnkd.in/gT384_WM

It was indeed a great conversation. Secure global data flow and collaboration are vital for future international trade. KRA(KENYA REVENUE AUTHORITY)'s early adoption of Distributed Ledger Technologies (#DLT) in customs operations is commendable. Trade and Logistics Information Pipeline IOTA #GlobalSupplyChains #TLIP

Papua New Guinea, a small island developing state in the southwestern Pacific, is working to digitally transform its import and export processes. The country received a blueprint outlining a phased approach to implementing an electronic single window, which will connect 32 government agencies responsible for clearing cross-border goods within one IT platform, helping save time and costs for global traders. The blueprint is designed by UNCTAD ASYCUDA the customs automation programme run by UN Trade and Development (UNCTAD), in collaboration with the government of Papua New Guinea. It provides strategic guidance, prerequisites and recommendations for building a trade single window, in line with national and regional requirements as well as international standards. Full story: https://ow.ly/tE7050S5k0x

“In a move to meet international trade standards and leverage the benefits of key free trade agreements, the Vietnamese government has issued stringent regulations for managing imports of remanufactured goods under the UK-Vietnam Free Trade Agreement (UKVFTA) and the EU-Vietnam Free Trade Agreement (EVFTA). Decree No. 66/2024/ND-CP introduces a detailed framework for the import and circulation of remanufactured goods, covering sectors under the purview of seven key ministries, including the Ministries of Information and Communications, Health, Transport, Industry and Trade, and Science and Technology.” – Viet Nam News Read more at: https://lnkd.in/gFewR8gq Photo: VNA #UKVFTA #EVFTA #VietnamTradePolicy #FreeTradeAgreements #ImportRegulations #InternationalTradeStandards #VietnamEconomy