Secure Trade Partnership
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- Donald Atkinson
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1 2009/SOM1/SCCP/013 Agenda Item: 6(i) Secure Trade Partnership Purpose: Information Submitted by: Singapore First Sub-Committee on Customs Procedures Meeting Singapore February 2009
2 Key Issues Introduces Singapore s STP: Objectives Overview Benefits STP Plus Provides an update to the WCO Trade Recovery Subgroup under SAFE Working Group 1st meeting of the Trade Recovery Subgroup Follow-up
3 APEC SCCP 1 23 Feb 09 Singapore A Global Trade Hub 1
4 STP Launch - 25 May 2007 Objectives of the STP Partner businesses to help raise the overall level of supply chain security standards in Singapore Enhance capabilities of companies in supply chain security management Help Singapore companies gain a source of competitive advantage Profile Singapore as a secure trading hub 2
5 Introduction : What is STP? A voluntary certification programme Open to all players based in Singapore that are involved in supply chain activities Consistent with the World Customs Organisation (WCO) Framework of Standards to secure & facilitate global trade How STP works? Why? To help various players in the supply chain How? Results? By identifying and focusing on any security gaps in companies operations Companies can take steps to mitigate the risks and vulnerabilities Raise the level of security for companies operations Provide customers with the assurance that operations are safe & secure 3
6 Business Friendly Approach Ensuring supply chain security Facilitating legitimate trade Shared responsibility Singapore Customs Companies Voluntary and Partnership approach STP and STP Plus STP Secure Trade Partnership STP Status STP-Plus Plus Status Company has to fulfil the requirements under the STP Guidelines. Company will be accorded with STP status A new higher tier of STP certification. The STP Criteria is an enhanced version of STP Guidelines. Company has to meet all the minimum requirements in the STP Criteria. Company will be accorded with STP-Plus status 4
7 Why the need for STP-Plus? Plus? Found that many companies already have robust security measures and best practices that exceeded the STP Guidelines Many companies are more aware of supply chain security and are ready to progress To progress our mutual recognition discussions with other Customs administrations, STP needs to be aligned with international standards Benefits of STP Certification Recognised as trusted partners of Singapore Customs: Designated account managers Trade Facilitation benefits e.g. reduced bank guarantee quantum where applicable Assistance & funding schemes offered to enhance supply chain security capabilities of companies 5
8 Benefits of STP Certification Recognised as trusted partners of Singapore Customs: Recognition as a low risk company i.e. enhanced branding Cargo less likely to be inspected STP companies will be recognised as Known Consignor under the Regulated Air Cargo Agent Regime (RCAR) Mutual Recognition Discussions Secure Exports Scheme New Zealand C-TPAT United States PIP Canada Mutual Recognition Discussions Japan AEO Japan STP Singapore AEO Australia 6
9 Singapore New Zealand Statement of Intent (22 Jul 08) Website 7
10 Thank You 8
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