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Singapore, Thailand Agreement to Help Customs Clearance

Singapore's and Thailand’s customs mutual recognition agreement will take effect Sept. 1, allowing for a more efficient exporting process and faster customs clearance for authorized economic operators in the two countries, Singapore said in an Aug. 26 notice. Qualifying companies…

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“can now look forward to facilitated clearance for their goods” when the two countries trade, the notice said. The agreement covers companies certified under Singapore Customs’ Secure Trade Partnership-Plus program and Thailand’s Authorized Economic Operator program.