Singapore orders transshipping firms to declare true country of origin of goods
Singapore's Ministry of Trade and Industry has ordered firms transshipping goods through the city-state to declare their true country of origin. The move follows a White House report that named Singapore as part of China's "shadow transshipment network."
Singapore's Ministry of Trade and Industry (MTI) announced a new rule requiring firms transshipping goods through the city-state's ports to accurately declare the true country of origin. The move is aimed at tightening oversight and preventing the manipulation of origin records.
The regulation follows a White House report that named Singapore as part of a "shadow transshipment network" used to route Chinese-origin goods to the United States through third countries. The ministry said such allegations could damage the country's reputation as a trading hub.
Officials warned that firms failing to comply with the declaration requirement could face penalties. Singapore said it would increase cooperation with international trade partners to protect its standing as a regional logistics and transshipment center.
Read next
New commissioner takes on task of reforming culture at Australia's Defence Force
Penny McKay, tasked with reforming culture within Australia's Defence Force, is aware that 50 inquiries and 750 recommendations have already preceded her appointment. She says she is not naive about the scale of the challenge ahead.
Chad bans sand extraction along Chari River, sparking controversy
US flags civilian deaths, funding gaps as Nigeria pushes for CPC delisting
China protests US envoy Lamelas' data-security warning to Argentina
