Online service launched to cut trade red tape

Singapore

A SINGLE trade today can involve more than 25 parties, generating 30 to 40 documents and requiring 60 to 70 per cent of the information to be manually re-entered at least once.

But a new online trading service, which combines all customs and trade-related services into one platform, aims to cut back on such onerous paperwork.

The Networked Trade Platform (NTP) brings together four …