Singapore is one of the signatory countries of very important trade deals, which enable it to distribute local products in many foreign countries. This is why, at the middle of July, the Ministry for Trade and Industry (MTI), announced the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – the latest version of the Trans-Pacific Partnership after the withdrawal of the United States. If you are interested in opening a trading company, our Singapore company formation consultants can guide you.