Customs of Singapore and Japan sign deal on supply chain security

This is good news for Singapore’s certified companies as they would be recognised by Japan Customs to be of lower risk, resulting to expedited release of their goods.

Mr Fong Yong Kian, Singapore Customs Director-General, signed the Mutual Recognition Arrangement with Mr Atsuo Shibota, Director-General of Japan’s Customs and Tariff Bureau, at the 117th/118th WCO Council Sessions held from 23 to 25 June 2011 in Brussels.

The purpose of MRAs is to facilitate and secure Singapore’s trade flows with its trading partners, by mutually recognising companies which have been accorded Authorised Economic Operator (AEO) status by their respective Customs Administrations.

Japan is Singapore’s sixth largest trading partner with a trade volume exceeding S$55.5 billion in 2010. Top exports to Japan include electronic chips and optical media. Top imports from Japan include electronic integrated circuits and semi-manufactured gold.

MRAs could also help to facilitate continuous secure trade flows in situations of high alert or when international trade is disrupted.

Also Read

SP and Federation of Malaysian Manufacturers partner to boost tech talent in manufacturing

Lee Keen Whye steps down as Santak Holdings board chair

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

6 days ago

SBR 4 Lorem Ipsum [8 May Top Stories]

6 days ago

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness