U.S. Tightens Semiconductor Restrictions on China, Singaporean Firms Face Compliance and Supply Chain Challenges
To optimize the port business environment, the General Administration of Customs has introduced the Sixteen Measures for Further Optimizing the Port Business Environment and Facilitating Enterprise Customs Clearance. These measures will help enterprises reduce operational costs, stimulate market vitality, stabilize the basic foreign trade situation, promote high-quality development of Chinas foreign trade, and provide various conveniences for import and export enterprises, including business expansion, stable import and export of goods, cost reduction, and improved customs clearance efficiency.