Singapore, New Zealand Agreement to Expedite Customs Clearance
Singapore’s customs and trade agreement with New Zealand will take effect Aug. 1, enhancing customs clearance for both countries, Singapore said in a July 25 notice. Singapore said the Mutual Recognition Arrangement will “further our efforts to enhance global supply…
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chain security and facilitate the movement of legitimate goods” by allowing certain certified companies to trade between Singapore and New Zealand with expedited customs procedures. Companies benefiting from the deal must be certified by Singapore Customs as “having robust security practices and lower risks” or by the New Zealand Customs Service’s Secure Exports Scheme, the notice said.