TradeNet - Singapore

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Title: TradeNet - Singapore

Essay Details:

Subject: Technology

Author: Margaret B

Date: December 3, 2013

Level:

Grade: A

Length: 7 / 1836

Essay text:

Through TradeNet, companies and agencies can submit, directly from their computers, documents such as trade declarations, which state the nature, source, and destinations of products, and permits, which are needed to be approved by government agencies. A document can be sent to all relevant bodies and returned with approvals in about 15 minutes. This process once took between two and four days. The documentation- processing cost has been reduced by more than 20 percent At the end of 1995, TradeNet went interactive. This reduced the processing time to about 2.5 minutes. The interactive system allows documents to be processed in real-time, instead of being collected and sent out later in batches TradeNet is a facilitator of international trade and a foundation upon which several national networks are constructed...

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