S’pore key exports surprise with smaller drop in March but economists see slump dragging on

UPDATED 17 APR 2023, 11:37 PM SGT SINGAPORE – Singapore’s key exports posted a much smaller drop than expected in March, but economists say that while the worst may be over, the outlook remains gloomy. Exports are likely to remain around current weak levels in the coming months, with the United States and the euro…

Russia’s invasion of Ukraine leaves global trade in tatters

MIAMI (AP) — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions. Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while…

Iran, China sign document to expand customs ties

19 May 2021 – Iran and China agree to expand customs cooperation under a document signed Wednesday. Iran and China have signed a document to expand their cooperation in the field of customs as the two countries eye increased trade ties under a 25-year economic partnership deal. The document was signed on Wednesday between the…

Transit Procedures in Export Will Be Easier

4 April 2021 – Transit operations in exports will be easier Minister Pekcan: “We are implementing the ‘Easy Export Points’ project in order to enable our exporters to open declarations with zero bureaucracy, to provide better quality service and to reduce the workload of our customs” Trade Minister Ruhsar Pekcan stated that they implemented the…