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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.