Read more at https://www.channelnewsasia.com/news/business/new-digital-trade-platform-to-streamline-end-to-end-trade-10759838
By Michelle Teo
26 Sep 2018 04:42PM (Updated: 26 Sep 2018 05:41PM)
Ricky Lim
On this front, several initiatives are underway. For instance, Singapore Customs is in discussions to link up the NTP to China's single window system to facilitate trade declarations and smoothen trade flow for businesses.
Talks are also underway with the Customs Administration of the Netherlands to explore ways to leverage technology to achieve greater connectivity in trade regulatory processes.
NTP is also collaborating with MUFG Bank and NTT Data Corporation to use blockchain technology to facilitate secure and efficient cross-border trade data flows.
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This NTP platform will attract and cement trade with the respective partners to dock at Singapore's ports and airport - as trade documentation become more efficient, cost effective and digital trade process become the norm.
Talks are also underway with the Customs Administration of the Netherlands to explore ways to leverage technology to achieve greater connectivity in trade regulatory processes.
NTP is also collaborating with MUFG Bank and NTT Data Corporation to use blockchain technology to facilitate secure and efficient cross-border trade data flows.
--
This NTP platform will attract and cement trade with the respective partners to dock at Singapore's ports and airport - as trade documentation become more efficient, cost effective and digital trade process become the norm.
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