It has set up 12 Standards Committees (SCs) to lead the development and promotion of standards in various industries or technical fields such as biomedical & health, building & construction, chemical, electrical & electronics, environment & resources, food, information technology, manufacturing, quality & safety, services, trade & connectivity, and transportation. SACs main role is to accredit testing and calibration laboratories, inspection and certification bodies (TIC). The Madrid Protocol is a centralised international trade mark protection system administered by the World Intellectual Property Organisation (WIPO). There is no fixed period for making a voluntary disclosure. Therapeutic products must comply with the. of US$10 billion by 2000. He is the author of three shipping books and is a shipping consultant for over 10 years. Tel: (65) 6211 0888 Singapore Customs: List of FTAs which Singapore grants Preferential Tariff Treatment for Imports, Singapore Customs: Application for Customs Ruling on Valuation, Hong Kong Special Administrative Region of the People's Republic of China (2014), Singapore Customs: Secure Trade Partnership (STP) & STP-Plus, Singapore Customs: List of Dutiable Goods, Singapore Customs: Goods and Services Tax (GST), Singapore Customs: Preferential Tariffs Table, Singapore Customs: Depositing Goods in the Free Trade Zones, Singapore Customs: Temporary Import Scheme, Singapore Customs: Licensed Warehouse Scheme, Singapore Customs: Duty-Free Concession and GST Relief, Singapore Customs: Depositing Goods in Free Trade Zones, Singapore Customs: Zero-GST Warehouse Scheme, Fourth Schedule to the Misuse of Drugs Regulation, Singapore Customs: Controlled & Prohibited Goods for Import, Appendix 7 to the Guidance on Therapeutic Product Registration in Singapore, Environmental Protection and Management Act 1999, Environment Protection and Management (Amendment) Act 2021, Singapore Customs: Controlled & Prohibited Goods for Imports, Singapore Food Agency: Labelling & Packaging Information, Guide to Food Labelling and Advertisements, Health Products (Therapeutic Products) Regulations 2016, Guidance on Therapeutic Product Registration in Singapore, Health Products (Cosmetic Product-ASEAN Cosmetic Directive) Regulations 2007, HSA: Regulatory overview of cosmetic products, Tobacco (Control of Advertisement and Sale) (Appearance, Packaging and Labelling) Regulations 2019, Health Products (Medical Devices) Regulations 2010, HSA: Guidance on Labelling for Medical Devices, Enterprise Singapore: Consumer Protection (Safety Requirements) Regulations, IMDA: Telecommunication Equipment Labels and Advertisement, Singapore Customs: Voluntary Disclosure Programme, Countervailing and Anti-Dumping Duties Act 1996, World Trade Organization: Dispute Settlement. Singapore's International Trade in Services - SingStat All comment submissions from U.S. stakeholders, including businesses, trade associations, U.S domiciled standards development organizations and conformity assessment bodies, consumers, or U.S. government agencies on notifications to the WTO TBT Committee should be sent directly to the USA WTO TBT Inquiry Point. The decision of the Anti-Dumping Tribunal is subject to judicial review by the Singapore High Court (see. confirming its image as one of the most stable and business-friendly Business owners, purchasing managers, chefs, and food and beverage professionals should mark their calendars as four international trade shows will bring together four major industries on the same . On completion of the audit, the audit team informs the auditee of the audit outcome and, when applicable, discuss any errors detected and provide suggestions to improve the auditee's compliance level. Mastering equipment and replication equipment for CDs, CD-ROMs, VCDs, DVDs, and DVD-ROMs. Telecommunication and radio communication equipment to be sold for local use in Singapore must bear the IMDA compliance label, which indicates that the equipment complies with the standards and specifications published by the IMDA. This is a best prospect industry sector for this country. U.S. companies interested in participating in government tenders should register with GeBIZ, the Singapore governments one-stop e-procurement portal where public sector invitations for quotations and tenders are posted. If the importer is dissatisfied with the decision of the Director-General, the importer can appeal to the General Division of the High Court against that decision by giving notice of appeal within 28 days of the date on which the importer is notified in writing of the Director-General's decision. Under the CADDA, the Minister of Trade and Industry can impose countervailing duties or anti-dumping duties on goods imported into Singapore. APDF readeris available from Adobe Systems Incorporated. However, the VDP is not an amnesty programme. 2023Thomson Reuters. International trade is the exchange of goods and services among countries. 1401 Constitution Ave NW It has few barriers against the import of goods USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Singapore also restricts the import and sale of non-medicinal chewing gum. For these purposes, importers can apply for binding customs rulings on the valuation of their goods. APDF readeris available from Adobe Systems Incorporated. But six months on, trade tensions and global inflation are dampening optimism. Fax: 91- 80 - 5115 6104, Mr Mohan Mirwani - Country Director The spending will be used to transform government digital infrastructure and services for its citizens, businesses and public officers, and about 70 percent (US$2 billion / S$2.6 billion) of 2022 Governments projected ICT spending will go towards application development to building new applications and upgrading existing ones. Unless the Customs Act specifically provides that a decision is at the discretion of the Director-General of Singapore Customs (for example, granting a licence to manufacture dutiable goods), any person aggrieved by a decision of the Director-General can appeal to the Minister of Finance, whose decision will be final. Singapore Ministry of Communications and Information (MCI), Integrated Health Information Systems (IHiS), U.S. Commercial Service, Singapore Contact, International Trade Administration TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Singapore more than doubled its Located in U.S. Embassies and Consulates, we provide market intelligence and business connections. Fax: 65-63376898 U.S. Department of Commerce National Quantum Safe-Network (NQSN), launched in February 2022, provides a testbed for public and private organizations to trial critical infrastructure applications within a quantum-safe environment. The MRA provides for direct entry of telecommunications into either market without the need for additional testing and certification. \g>[Fez#)'7`*967~z)},?>5Eaz/qudZo>] Y5MHG#11\u@F/CLTdh4z`b)wEZ)KAw8geD( Giy&3C"/dNAc^tTw)Bf06G,``S+Vj=MJ"B{(C%/>p%8g:Y2.#3t$J be`2*oz'V:kcEic6Dd0S2nPuMlogu(^Gr.IRcP=_Kkdl~:YSTSC`/ V&8w Today, Singapore is a leading global trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters. For decades, companies built their global strategies around a set of basic premises. percent), Taiwan (4.0 percent), Saudi Arabia (3 percent), and Germany (3 This article was very helpful. For more information on the ZG Scheme and Licensed Warehouse Scheme, see, The import of controlled goods requires approval from the relevant competent authorities (see. EnterpriseSG is the Singapore government agency championing enterprise development. Accredited test reports or certificates from foreign Conformity Assessment Bodies (CABs) are recognized locally if they bear the ILAC and IAF MRA marks as well as the accreditation body mark of the originating country. Secure .gov websites use HTTPS Locate the nearest Embassy, High Commission, Permanent Mission, Consulate-General/Consulate and Trade Office now. partner, accounting for 19 percent of all exports in 1999, primarily Duty and GST are suspended for goods stored in a Free Trade Zone (FTZ), and are only payable when the goods are either: Brought into the customs territory for local consumption. MERCHANDISE TRADE PERFORMANCE WITH MAJOR TRADING PARTNERS, 2022 Exports (S$ Bil) Imports (S$ Bil) 10 20 30 40 50 60 70 80 90 90 80 70 60 50 40 30 20 10 Note: The size of the bubbles reflects Singapore's total merchandise trade value with the trading partner. Singapore services export is 187,564,459,530.47 in BoP, current US$ and services import is 172,689,211,144.60 in Bop, current US$.Singapore exports of goods and services as percentage of GDP is 176.24% and imports of goods and services as percentage of GDP is 144.32%. HANGZHOU, China, June 28, 2023 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, and the International Trade Centre (ITC . Artificial intelligence (AI) The Singapore government has recognized AI as one of the new frontiers in technology and launched the National AI strategy in 2019 and committed to US$362 million (S$500 million) to fund AI research. Singapore will embark on a digital revolution with a USD 2.4 billion ICT investment and an array of groundbreaking projects through bulk tenders in FY23. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Telecommunications Technology, Licensing Requirements for Professional Services, list of the recognized U.S. testing and certification agencies, consumerproductsafety@enterprisesg.gov.sg, Sanitary and Phytosanitary Measures (SPS), https://tsapps.nist.gov/notifyus/data/guidance/guidance.cfm. Payments and International Investment Position Manual, Sixth Edition (BPM6). The Singapore Accreditation Council works to build trust in Singapores products and services by strengthening Singapores technical infrastructure for conformity assessments (testing, calibration, inspection and certification). Japan-Singapore Economic Partnership Agreement (JSEPA). Changi Airport - regularly ranked as the world's best airport - serves more than 100 airlines flying to about 100 countries and territories globally. Arrest without warrant any person where there is reasonable suspicion that the person has committed an offence under the Customs Act. The focus of international trade regulations in Singapore has increasingly turned towards environmental and sustainability issues, with such concerns being at the forefront of Singapore's recent trade agreements including the EU-Singapore Free Trade Agreement. The UK-Singapore Free Trade Agreement (FTA) (UKSFTA), which entered into force on 11 February 2021. Singapore - Market Overview - International Trade Administration The ASCN aims to facilitate cooperation on smart cities development, catalyse bankable projects with the private sector, and secure funding and support from ASEANs external partners. In 2022, about US$720 million (S$1 billion) in procurement opportunities has been set aside for projects to be developed on the government commercial cloud. political and economic uncertainty in neighboring Indonesia, the In December 2021, wireless broadband penetration rate was 196.1% while mobile penetration reached 158.8%. The main authority responsible for enforcing customs laws and regulations is. 1401 Constitution Ave NW All goods imported by sea or air must first be deposited in FTZs. A lock ( A locked padlock ) or https:// means youve safely connected to the .gov website. Singapore grants a duty-free concession to travellers and bona fide crew members for limited volumes of liquors if all the following conditions are met: The traveller/crew member is 18 years old or above. National TBT Enquiry Points are authorized to accept comments and official communications from other national TBT Enquiry Points, which are NOT part of the WTO or the WTO Secretariat. consumer goods This may involve the forwarding of questionnaires and other documents to interested parties, exchanging information relating to investigations, and any other possible actions to be mutually agreed by the parties. SGX Nifty now GIFT Nifty; timings, how to check data, other details you For more information on customs procedures for importers, see. The MTI must implement any decision of the Anti-Dumping Tribunal. Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 42.7% from 2021 to 2022. GST relief is not granted for goods imported by other transport modes, such as sea freight and land, unless otherwise specified. For more information on the Temporary Import Scheme, see. For social and/or environmental reasons, it levies high excise taxes on distilled spirits and wine, tobacco products, and motor vehicles. The two licensees will proceed deploying full-fledged 5G standalone capabilities and complete nationwide deployment by 2025. Every day, we advocate on behalf of U.S. firms for easier market entry. Singapore Customs' AEO scheme, the Secure Trade Partnership (STP) programme, is based on the World Customs Organization SAFE Framework of Standards. Articles of clothing intended as protection against attack, including bullet-proof vests. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Licensing Requirements for Professional Services, list of recognized certification agencies, ASEAN Smart Cities Network (ASCN) program, 26 cities across ASEAN work towards the common goal of smart and sustainable urban development.
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