Jamus Lim on Regulation of Imports and Exports (Amendment) Bill
While the new regime will impose a greater regulatory burden on traders, it is an important upgrade that will ensure that Singapore continues to adhere to its international trading commitments, said MP Jamus Lim. Speaking in parliament on Thursday (Nov 6), he pointed out that the transition may be rocky. But he believes that in the longer run, Singapore’s world-class trading and logistics sector will adapt and new compliant services will potentially emerge to support this endeavour.
While the new regime will impose a greater regulatory burden on traders, it is an important upgrade that will ensure that Singapore continues to adhere to its international trading commitments, said MP Jamus Lim. Speaking in parliament on Thursday (Nov 6), he pointed out that the transition may be rocky. But he believes that in the longer run, Singapore’s world-class trading and logistics sector will adapt and new compliant services will potentially emerge to support this endeavour.
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