Customs and Trade Environment has been saved
Customs and Trade Environment
Deloitte's Global Trade Advisory specialists around the world can help businesses establish an international business strategy designed to manage costs and global trade regulatory requirements while leveraging innovative technology solutions.
According to the World Economic Forum Enabling Trade Index, Singapore is consistently rated as one of the world's most open and trade-friendly economy, with 99.7 percent of goods entering duty-free. Along with a favourable operating environment, Singapore’s efficiency in border administration, openness in trade policies, established infrastructure, and facilitative public institutions have built a strong foundation to encourage the free flow of goods, services and investments. Singapore has one of the highest trade to GDP ratios with international trade equivalent to approximately 300 percent of its GDP.
Singapore is an active member of the World Trade Organisation (WTO), the Asia Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), and other multinational trade organisations. Being an advocate of the rules-based multilateral trading system, Singapore actively promotes trade liberalisation across policies related to goods, services and investments. Given the ongoing trend of business going digital and the recent push received by COVID-19, Singapore continues to push frontiers by entering partnerships with other likeminded WTO countries towards enabling and progressing digital trade.
How Deloitte can help
Deloitte’s Global Trade Advisory team regularly help businesses navigate through the complexities of market access into each of the different jurisdictions from a tax, customs & trade and WTO/regulatory perspective. Our team of GTA experts hail from different backgrounds and specialist areas ranging from lawyers, finance and accounting professionals, economist, data analysts and even ex-Government officials, who together, are able to provide holistic solutions to the issue at hand.
Our core service offerings include the following:
- Global Trade Tools
- Global Trade Compliance
- Global Trade Advisory
Providing a high-degree of pragmatic support for your global trade advisory needs.
- Tariff classification
- Customs valuation
- Duty relief and customs facilities
- Free trade agreements
- Non-tariff barriers
- Supply chain security programs
- Dispute resolution
- Trade Remedies
- Export Control
Read more about our Global Trade Advisory tax services.