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On December 29, 2023, the Ministry of Trade and Integration announced the first stage of 2024 meat and poultry quotas by HS code for historic suppliers (i.e., importers). The first stage approved the distribution of 2,835 tons of beef and 31,500 tons of poultry.
Singapore’s economy has made significant progress towards normalization post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.