, Hong Kong
Logo from MOF

MoF seeks public feedback on proposed amendments to the free trade zones bill

The bill enables better oversight of goods flowing through FTZs.

The Ministry of Finance (MoF) has called on the public to provide their opinions on the proposed legislative amendments to the Free Trade Zones (FTZ) Act 1966.

Amongst changes proposed under the amendment bill are the introduction of a licensing regime for FTZ operators and cargo handlers, which will specify the responsibilities of the involved parties; requirements for FTZ operators, cargo handlers and shipping agents to collect and transmit relevant information to authorised persons, if necessary, to improve cargo visibility within the FTZ; and provisions to ensure the confidentiality of data furnished.

“The proposed amendments in the draft FTZ (Amendment) Bill seek to enable better oversight of goods flowing through our FTZs while still ensuring efficient movement of goods,” the MoF stated.

The public may send their feedback to the MoF until 9 April through the FormSG link (www.go.gov.sg/ftz-bill) in the REACH portal.

Further information about the bill can be found on the Ministry of Finance’s website (www.mof.gov.sg) and the REACH consultation portal (www.reach.gov.sg).

Follow the link for more news on

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!


UOB deploys AI tools to level up employees’ productivity
The bank with the largest consumer footprint in ASEAN leads the way in adopting Microsoft’s Copilot for more collaborative and productive banking.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.