As the world’s second-most connected country, Singapore is a key node in global supply chains, particularly those structured around Asian suppliers, production bases and markets.
The city-state’s network of Free Trade Agreements (FTAs) enable businesses operating here to enjoy lower tariffs for Singapore-originating exports into participating countries. The Regional Comprehensive Economic Agreement (RCEP) signing between Asia-Pacific countries including Singapore, that was announced last year, will also facilitate greater supply chain efficiencies for companies when entered into force. FTAs are part of a suite of trade programmes and measures in the Republic that provide cost savings and clear standards for companies, which choose to do business out of Singapore and trade with the region.
Interact with the infographic below to learn more about these and other initiatives that together contribute to Singapore’s robust trade regime.
