Singapore Adopts WCO's Revised Kyoto Convention
Singapore acceded to the World Customs Organization's International Convention on the Simplification and Harmonisation of Customs Procedures (Revised Kyoto Convention), Singapore Customs announced. The nation said the convention sets standards on customs procedures, enforcing standards on areas such as "import…
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and export formalities, duties and taxes collection, customs warehouses schemes, regulation of free trade zones, as well as temporary importations and exportations of goods." Ho Chee Pong, director-general of Singapore Customs, said "Singapore’s accession affirms our commitment to reinforce our position as a reputable major trading hub, and to maintain procedures and standards that facilitate international trade."