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Ken Chia

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Singapore updated its strategic goods control regime on 3 August 2020 to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade. Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages. For bulk permit holders, expanded document categories under recordkeeping requirements and monthly reporting will apply. A new offence has also been created for failing to…

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…