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Ken Chia

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Effective 1 May 2019, the list of strategic goods being transshipped in or in transit in Singapore needing a strategic goods permit will be expanded. Currently, under the Strategic Goods (Control) Act (“SGCA”) strategic goods permits must be obtained when strategically controlled military and dual-use goods are being exported from, transshipped in or brought in transit in Singapore. For trade facilitation, the regime also provides strategic goods permit exemptions when certain items are transshipped or…

On 18 May 2016, the United States International Trade Commission (the “ITC”), an independent Federal agency, released its highly-anticipated report assessing the likely impact of the TPP on the U.S. economy. The ITC projects that by 2032, U.S. annual real income would be $57.3 billion higher and real GDP would be $42.7 billion higher as a result of the passing of the TPP. The report also projects that several sectors, including agriculture and food, would…

A Baker & McKenzie report released today reveals that companies see huge opportunities in the ASEAN block as mega-regional trade initiatives – the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) and China’s One Belt One Road (OBOR) – work in tandem to improve connectivity and the overall business environment in the region. The Report, ‘ASEAN Connections’, is based on a survey conducted by the Economist Corporate Network on behalf of Baker & McKenzie. The survey…