More Singapore businesses aware of and benefited from free trade agreements in 2023: SBF survey

Quick Summary:

SBF chief policy officer Musa Fazal said: “SBF is dedicated to supporting Singapore businesses in navigating international trade and investment.

For those supplying services overseas, issues faced included accessing markets with local monopolies or exclusive service suppliers, and restrictions on the number of foreign service suppliers (46 per cent), as well as receiving decisions on applications or authorisations in a timely fashion (34 per cent).

About 73 per cent of businesses polled said they have benefited from improved market access through FTAs, compared with only half in 2021.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Businesses Cent Singapore Trade Cent) Faced 2023 Ftas Free Survey Cited

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 15:19:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21671921

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