,Singapore

Singapore to ally with WTO initiative on services domestic regulation

The initiative aims to improve the overseas service exports environment.

In a speech dated September 22, Lee Chuan Teck, Permanent Secretary (Development) at the Ministry of Trade and Industry announced Singapore’s entrance into the World Trade Organization Joint Statement Initiative (JSI) on Services Domestic Regulation.

This was delivered at Singapore’s eighth Trade Policy Review, held at the World Trade Organization in Geneva, Switzerland. The delegation is led by Lee and is accompanied by officials from MTI.

In his speech, Lee focused on how open Singapore is with the support of this initiative.

“I am pleased to announce that Singapore will join the JSI on Services Domestic Regulation. We have taken time to review our regime and are ready to actively participate in the discussions. We will be submitting our draft schedules shortly and look forward to working closely with participants to substantially conclude this initiative at Ministerial Conference 12.”

Covered under the JSI are guidelines to improve the overseas business environment for Singapore’s service exporters. Transparency through various methods, such as responding to enquiries and the publishing of information on authorisation requirements and processes are also included.

Other WTO members will also be able to comment and question Singapore’s trade and economic policies.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Module integration and completion are not part of its responsibilities.
The company says it will continue to welcome feedback from workers.
OneMap3D data from ERA will be incorporated into its RealtyWatch mobile apps
$500,000 was contributed to the library's Green Grove showcase.
He has over 25 years of experience in business and risk roles.
The country also won 'Best Seaport in Asia' for the 33rd time.
Flight bookings were made available on 22 October.
Sembcorp Industrialshowed the most growth.
Analysts said there are three factors that drove the price growth.
Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.
72% of Singaporeans were aware of the term 'ESG.'
This strong performance was due to the recent acquisitions by the company.