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Date [ 2014-12-17, 07:12 ]

This would be companies exporting goods to the United States.

Commissioner of the United States Customs and Border Protection Mr Richard Gil Kerlilowske (left), and Director-General of Singapore Customs Mr Ho Chee Pong signed the mutual recognition arrangement (MRA) and the Customs Mutual Assistance Agreement (CMAA) between the United States and Singapore on 1 December 2014 in Singapore.

(Singapore=Koreanpress) Benjamin Kim = Singapore companies that have been certified by Singapore Customs can now enjoyfaster customs clearance for the goods they export to the United States of America.

Singapore Customs and the United States Customs and Border Protection (US CBP)have agreed that such companies will have their exports recognised by the US CBP tobe of lower risk, allowing them to enjoy faster customs clearance of their goods whenthey export to the United States. These companies can therefore better plan their cargomovements, particularly for time-sensitive exports, and enjoy savings in costs whichwould otherwise be incurred due to port storage or delays.

Similarly, companies in the United States which have been certified by the US CBP willhave their exports cleared expeditiously when the goods arrive in Singapore. This Mutual Recognition Arrangement (MRA) to enhance supply chain security andfacilitate trade between Singapore and the United States was signed in Singapore on December 1, 2014 by Singapore’s Director-General of Customs Mr. Ho Chee Pong and USCBP Commissioner Mr. Richard Gil Kerlilowske.

The United States-Singapore MRA recognises the compatibility of the supply chainsecurity measures implemented by companies certified under Singapore Customs’Secure Trade Partnership (STP) programme and validated members of the US CBP’sCustoms-Trade Partnership Against Terrorism (C-TPAT) programmes.

The heads of the two Customs administrations also signed a United States-SingaporeCustoms Mutual Assistance Agreement (CMAA). The agreement allows the UnitedStates and Singapore to exchange information and render assistance (such as sharingof experiences on enforcement best practices) to each other in the prevention andinvestigation of customs offences,

“The MRA and CMAA that have been signed today, point to the close cooperativerelationship shared by the Customs administrations of the United States andSingapore,” said Mr. Ho. “The MRA will promote the facilitation of low risk cargo and strengthen supply chainsecurity. It will be welcomed by the trading community, and bring benefits to our bilateraltrade. The CMAA will further strengthen ongoing cooperation between our Customsadministrations to combat cross-border customs fraud and smuggling. Such cooperationwill contribute to the integrity of the trading system, and enhances Singapore’sreputation as a trusted trade hub,” he added.

The United States was Singapore’s fourth largest trading partner in 2013, with totaltrade amounting to more than S$77 billion. The top products traded between the UnitedStates and Singapore included petroleum oil products, aviation components, electronicintegrated circuits and parts for printing machinery.

Companies in Singapore with significant trade with the United States welcomed thesigning of the MRA.“AMD is extremely pleased to hear that the US-Singapore MRA has concludedsuccessfully,” said Ms Suhana Mohd. Ali-Ten, Senior Manager, Supply Chain atAdvanced Micro Devices (S) Pte Ltd.“As a US-based company, this milestone is important as it enhances the capability of ourSingapore plant in export activities. AMD will greatly benefit as time-sensitive shipmentswill be able to proceed at ease through expedited release at the point of importation. Welook forward to secure trade flows between the countries with the enhanced supplychain security. These capabilities will in turn benefit AMD’s customers,” she informed.

“As a Canadian-based company with increasing business activities, we are pleased thatthe US-Singapore MRA has been concluded,” said Ms Jane Chee, Manager, AsiaTrade Compliance at Future Electronics Inc (Distribution) Pte Ltd.“Not only will it improve predictability of lead time and on-time delivery of goods, it alsominimizes supply chain disruption. The MRA provides a single, uniform set of securitystandards between Future Electronics Singapore and Future Electronics US,” noted MsChee.

On the same day, the Immigration & Checkpoints Authority (ICA) of Singapore and the Customs and Border Protection (CBP) of the United States of America (U.S.) signed a Joint Statement to explore the development of a Trusted Traveller Programme (TTP) to facilitate immigration clearance for citizens of both countries. Currently, eligible holders of Malaysia and Hong Kong Special Administrative Region (HKSAR) passport already enjoy similar facilities in Singapore, while eligible holders of Singapore passport may also apply to the immigration authorities in Malaysia and HKSAR to enjoy their automated immigration clearance facilities.

abc@koreanpress.net

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