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The international supply chains and business operating models are highly complex and are constantly evolving. Multiple players are involved in the international supply chain and they play a significant role in both securing the movement of goods from point of origin to point of destination, and identifying and addressing risks or vulnerabilities. Thus, we believe that a voluntary and partnership approach is crucial for the success of the STP programme.
Business operation models, sizes and risks vary across the different nodes in the supply chains and across different industries. The STP programme recognises the complexity of international supply chains and endorses the application and implementation of security measures using risk-based approach to secure the supply chains while facilitating trade flow. The STP programme allows for flexibility and customisation of security profiles based on companies’ business models.
The STP is a programme that seeks to secure and facilitate trade. It calls upon industry and companies to enhance their existing security practices, and partner Singapore Customs to improve trade security. Certified companies under the STP programme would be viewed as trusted partners of Singapore Customs and would enjoy greater facilitation.
While the STP programme is voluntary, companies are strongly encouraged to adopt the guidelines or criteria, and take the necessary measures to enhance the security of their operations. This would provide customers with the assurance that their operations are safe and reliable.
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