Singapore, Australia, Canada, South Korea, New Zealand Agree to Open Trade, Fast Customs Procedures

New Zealand, Australia, Canada and South Korea recently agreed to maintain “unrestricted trade” with Singapore during the COVID-19 pandemic, including quick customs clearances and limited export restrictions on essential goods, according to a May 15 report from the Hong Kong Trade Development Council. The countries said they will make more use of electronic customs clearance to “fast-track” shipments and agreed to maintain “effective” land, air and sea freight logistics services.