Singapore exports to receive faster clearance to New Zealand

Customs-certified firms will undergo less documentary and cargo inspections.

Companies certified by Singapore Customs as having robust security practices are set to benefit from faster clearance for their goods exported to New Zealand, after the Mutual Recognition Arrangement (MRA) of Authorised Economic Operator (AEO) programmes were inked between Singapore Customs and the New Zealand Customs Service, an announcement revealed.

Under the programmes, Singapore Customs-certified companies, which the two parties recognise as having lower risks, will enjoy reduced documentary and cargo inspections. Companies certified by New Zealand will similarly receive the same level of facilitation for their goods exported to Singapore.

“The Singapore-New Zealand MRA recognises the compatibility of the supply chain security measures implemented by companies certified under Singapore Customs’ Secure Trade Partnership (STP) programme and the companies accredited under New Zealand’s Secure Exports Scheme,” the agency said.

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According to the acting comptroller of New Zealand Customs Service Bill Perry, the arrangement further strengthens trade relations by allowing streamlined clearance for accredited exporters who will be treated as ‘low-risk’ at both borders, whilst giving customs administrations greater assurance over goods.

“Singapore is one of our top 10 trading partners, with many New Zealand businesses operating in Southeast and East Asia using Singapore as a base,” he highlighted.

Singapore’s total trade with New Zealand amounted to more than $4b in 2018, data showed.