Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country.
Singapore also restricts the import and sale of non-medicinal chewing gum. For social and/or environmental reasons, it levies high excise taxes on distilled spirits and wine, tobacco products, and motor vehicles.
Services barriers include sectors such as pay TV, audiovisual and media services, licensing of online news websites, legal services, banking, and cloud computing services for financial institutions. Details can be found in the USTR Report on Foreign Trade Barriers that is available online.
As of April 1, 2019, the Singapore Agri-Food and Veterinary Authority (AVA) restructured to form the Singapore Food Agency (SFA) and the Singapore Animal and Veterinary Service (AVS). SFA is under the Ministry of Sustainability and the Environment and oversees all food-related matters including food safety and security. AVS is under the National Parks Board (NParks) and oversees all non-food related animal, plant, and wildlife management matters.
The Singapore Food Agency (SFA) and the Singapore Animal and Veterinary Service (AVS) are the primary Singapore government agencies concerned with food and agricultural trade. SFA is under the Ministry of Sustainability and the Environment and oversees all food-related matters including food safety and security. AVS is under the National Parks Board (NParks) and oversees all non-food related animal, plant, and wildlife management matters.
Although SFA largely follows internationally accepted, science-based regulatory standards, including OIE and Codex guidelines, the agency continues to implement a few stringent import protocols that negatively impact trade with the United States. In particular, lack of approval of pathogen reduction treatments (PRTs) used in U.S. meat and poultry plants and time-consuming pathogen testing requirements can increase costs and pose trade barriers for some products. For additional details on food and beverage import requirements, please refer to the Foreign Agricultural Service’s (FAS) Food and Agricultural Import Regulations and Standards (FAIRS) report at https://gain.fas.usda.gov.
There are no restrictions on foreign ownership of business in Singapore, except for national security reasons and areas such as air transportation, public utilities, newspaper publishing, and shipping. Singapore is an open economy and encourages trade and investment into the country.