Singapore to amend Free Trade Zones Act to combat illegal trading activities

Singapore is the second busiest container port in the world and the largest transhipment hub. - ST

SINGAPORE (The Straits Times/Asia News Network): The Republic is making amendments to the Free Trade Zones Act to enhance regulation and control of goods that flow through the 10 free-trade zones (FTZs) in the country.

The amendments include introducing a licensing regime on FTZ operators, new regulations on cargo handlers and more enforcement powers for Customs authorities, Senior Minister of State for Finance Chee Hong Tat said in Parliament on Wednesday.