Economy Watch

Singapore's digital economy pacts may pave way for SMEs, fintechs to go global

Small and medium-sized enterprises (SMEs) find the red tape a daunting barrier to engage in international trade. ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - Few shoppers wandering through a mall will think about the time, effort and money that go into filling the shops with products.

The process of stocking the shelves has undergone many changes over the decades in the light of new technology and reduced tariffs and trade barriers, but what has seemed stuck in time is the paperwork required to clear goods through customs.

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