How AI could help navigate complex trade rules and save billions on tariffs
The sheer complexity of trade regulation and the risk of non-compliance mean companies are missing out on billions in tariff savings from Free Trade Arrangements (FTA) in their global supply chains. New AI tools can help remove some of the barriers.
Exporters’ exemption from E-TRACC under study
The Electronic Tracking of Containerized Cargo System allows the Bureau of Customs to track, monitor, and audit the location and condition of cargoes, as well as obtain real-time alarms on diversion and tampering of cargoes. Photo from BOC.
Singapore Port Logjam Lingers as Container Ships Keep Piling In
The logjam that’s been plaguing Singapore’s container port is bringing forward this year’s peak season for the shipping sector, spelling trouble for businesses in the city-state.