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Aiming
for that perfect balance
New Strategic
Trade Scheme facilitates trade while enhancing control
Governments worldwide have been stepping
up efforts to curb the proliferation of weapons of mass destruction
(WMD). Likewise, Singapore has tightened control over the movement
of strategic goods and related technology. However, stiffer
regulations can have a negative impact on trade. To enable companies
to reap the benefits of trade and technology collaboration while
minimising threats to our security, Singapore Customs launched
the Strategic Trade Scheme (STS).
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| Mr Teo Eng Cheong, Director-General
of Singapore Customs, presenting the certificate
of accreditation for Tier 3 to Mrs Dora Syn, Trade
Compliance Manager, Symantec Asia Pacific Pte Ltd. |
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Strategic goods are goods relating to the development, production
and use of nuclear, chemical and biological weapons, and also
conventional arms and military equipment. They include certain
dual-use goods with civilian and sensitive military applications
and that can be used as precursors or components for WMD.
Come 1 January 2008, the list of strategic goods under the Strategic
Goods Control System will be expanded.
The revised list will include high-end computers and telecommunications
systems, equipment and components; marine systems, equipment
and components; propulsion systems, space vehicles and related
equipment; and navigation and avionics of certain specifications.
Their related software and technology will also be controlled.
In line with its vision to be "an active and valuable partner
for the trading community", Singapore Customs continually
seeks ways to simplify customs procedures to facilitate trade.
On the other hand, as the national authority responsible for
strategic goods control, it will not compromise on security.
Get
more information
Learn more about the Strategic Trade Scheme here
or download the handbook.
Click here
for related story on the role of Singapore Customs
as the national authority for the administration
of the Strategic Goods (Control) Act. |
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The STS, launched on 18 June 2007, is the result of the agency's
ongoing efforts to enhance both control and facilitation.
It promotes effective internal export control compliance and
also provides facilitative permit declaration procedures for
traders of strategic goods for non-WMD-related uses.
The STS is a three-tier permit regime that caters to companies
with different levels of readiness in terms of their internal
controls. The level of facilitation and flexibility granted
will be contingent upon the quality of the company's internal
(export control) compliance programme.
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Tier 1: This tier allows
a company to export, re-export, transship or bring in
transit strategic goods on a per transaction basis. |
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Tier 2: A Tier 2 company can obtain
one-time approval to export, re-export or transship multiple
products and their related technology to a specific end-user
or a specific product and its related technology to multiple
end-users. To qualify, a company needs to have a reasonably
sound internal export control compliance programme. |
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Tier 3: Companies that export or re-export
multiple products and their related technology to customers
and overseas offices will find this tier most useful.
To qualify, companies must have a robust internal export
control compliance programme. |
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I
would like to encourage companies that are involved in
the trading of strategic goods to consider implementing
robust internal compliance programmes and enjoy facilitated
trading procedures under the STS. |
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Mr Teo Eng Cheong
Director-General of Singapore Customs |
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To date, three companies – LSI Technology Singapore Pte
Ltd, Infineon Technologies Asia Pacific Pte Ltd and Symantec
Asia Pacific Pte Ltd – have received accreditation under
Tier 3 of the enhanced permit regime.
Urging more companies to come onboard the scheme, Mr Teo Eng
Cheong, Director-General of Singapore Customs, said: "I
would like to encourage companies that are involved in the trading
of strategic goods to consider implementing robust internal
compliance programmes and enjoy facilitated trading procedures
under the STS."
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| Three companies –
LSI Technology Singapore Pte Ltd, Infineon Technologies
Asia Pacific Pte Ltd and Symantec Asia Pacific Pte
Ltd – have received the certification of accreditation
for Tier 3. |
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| Copyright © 2007
Singapore Customs. All Rights Reserved. |
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