All You Need to Know About Singapore’s Free Trade Agreements Conten 02 Overview of Agreements 03 Key Benefits Agreements How to App 04 Concessions Exports How to Chec 05 in Services B FTAs Agreement 06 Zealand and Closer Econo (ANZSCEP) China-Singa 08 Agreement European Fr 10 Agreement Singapore F Agreement 12 European U Free Trade A (EUSFTA) Gulf Cooper 14 Singapore F Agreement India-Singap 16 Comprehen Cooperation (CECA) Singapore’s FTA ne ASEAN-Hong Kong, Trans-Pacific Strate 02
Overview of Free Trade Agreements (FTAs) Key Ben Free Tr Free Trade Agreemen so that you can grow FTAs make yo Suppose you are expo Overview of Free Trade worth of goods to a cou 10% import duties, your to pay an addition Agreements
Note: The figures are ill Enterprise Singapore’s T
As an open economy driven by trade in goods and services, Singapore has forged an extensive FTAs give you prefe
network of 27 implemented Free Trade Agreement (FTAs). the
With FTAs, Singapore-based exporters and investors can gain faster entry into markets and
benefit from tariff concessions, preferential access to certain sectors, and Intellectual Property (IP) protection. Simplified Trade You can trade more eas fewer paper-based and enjoying greater customs l Legal Rights for Your company has a operating environm elimination of regulat market access or prov treatment to dom 04
How to Apply for Tariff Concessions for Your Goods Exports
How to Apply for Tariff Concessions How to for Your Goods Exports Service
It is easy! Once you identify your target market, visit Enterprise Singapore’s website to find out more The Services chapter in
about the FTA you can tap on. If there is more than one FTA for your target market, find out which one entry into our FTA mark
provides you with the most tariff savings using Enterprise Singapore’s Tariff Finder tool.
If you face services-rel
Apply for your FTA tariff concessions in a few simple steps:
services chapter in a fe 1
Determine the relevant FTAs for your target market 1
Visit Enterprise Singapore’s website for a list of Singapore’s FTAs at: www.fta.gov.sg Vi
Determine the Harmonised System (HS) code of your product 2 2
Use the Tariff Finder Tool to search for the HS code of your product
(using relevant keywords - e.g. ‘avocado’) in the destination country. 3 Mode 1 3
Check if your product benefits from lower tariffs Cross-bord
Key in the destination country and the correct HS code and compare the tariff rate for your Singapore-originating
product to the generic rate applicable to most countries (i.e. MFN rate). Mode 2 Consumpt 4
Check the FTAs’ Rules of Origin (ROO) to see how to qualify as “Singapore-originating” Abroad
Refer to the ROO section for your product to determine the business processes necessary to benefit from lower tariffs. Some examples are: Mode 3
• Change in HS code during manufacture
• Minimum % for local value-added content Commerci Presence 5
Choose qualifying FTA (based on ROO) with highest tariff savings Mode 4 Movemen Natural
If Preferential Certificate of Origin (PCO) is required Person(s)
If self-certification is required by your chosen FTA by your chosen FTA 4
Submit the relevant documents to Singapore
Follow self-certification procedures as 6a Customs 6b per FTA requirements
Go to Singapore Customs Certificate of Origin
website to check document requirements 5a Confirm t
www.customs.gov.sg/businesses/certificates-of- list origin/overview Only listed
Send PCO to customer for presentation to 7 importing authorities 6 If you qu Contact E
Reduction of tariffs by importing authorities 8 or difficul 06 ANZSCEP
Agreement Between New Zealand Key Benefits
and Singapore on a Closer Flexible Rules of Ori Companies can qualify
Economic Partnership (ANZSCEP) easily for duty-free tre in sectors such as: JAN FTA ANZSCEP entered into force.
ANZSCEP was Singapore’s first bilateral FTA. Enhanced Customs P 2001 YEAR Businesses benefit from streamlined administrat MAY
Goods trade between Singapore and New procedures which lower
The upgraded ANZSCEP was signed.
Zealand have enjoyed tariff-free access 2019 transaction time and co YEAR
since the ANZSCEP entered into force in 2001. Sanitary and Phytos Did you know? Food imports are held t that could impede our f
Singapore’s FTA strategy began in 1999 with the negotiation of a FTA with New Singapore and New Zea Zealand. under the SPS Chapter.
access and expedited c of regulations, allowing requirements. Reduction of Techni A new framework for M negotiating MRAs on a v Under the MRA on elect registered in New Zeala when exported to the ot Singapore and New Zea medicinal products. This duplicative testing and ANZSCEP Regulatory Coop The chapter establis trade-related issue to promote good re E-commerce Companies can a and will not be r computing facil as a pre-requisite the 08 CSFTA
China-Singapore Free Trade Key Benefits Agreement (CSFTA) Trade in Goods Eliminates tariffs for 95% Singapore’s exports to C JAN The CSFTA entered into force. Improved market access. 2009 Customs Procedures YEAR Increased efficiency and Rulings, and Express Sh NOV The upgraded CSFTA was signed.
Enhanced investment protection. 2018 Exceeds commit YEAR The CS OCT
The upgraded CSFTA entered into force. Simplified Customs Procedures. 2019 YEAR Trade in Goods More petrochemical exp DEC for preferential treatme Commencement of the CSFTA Work
Aims to review and enhance market 2020
Programme for Subsequent Negotiations.
access for services and investment. YEAR Electronic Origin Da Both sides can transmit Did you know? instead of submitting ha More information can be fo
China has been Singapore’s largest merchandise trading partner since 2013. Investment Enhanced investment p Settlement (ISDS) mech Singapore companies a foreign investors in its f Trade in Services
Maritime – Singapore s majority ownership or f Tianjin, and Fujian Free CSFTA
Construction – Singapo Government-to-Govern China’s foreign investm these regions.
Legal – Singapore law f commercial association clients in China regardle Compe China and Singapore ha on competition laws on both sides may e environ 10 ESFTA
European Free Trade Area (EFTA)- Key Benefits
Singapore Free Trade Agreement Trade in Goods (ESFTA) ESFTA eliminates tariffs JUN FTA
ESFTA is the first FTA between the EFTA and ESFTA signed in Iceland. 2002 an Asian Country. YEAR Exporters can enjoy pre product’s origin. No fur JAN ESFTA entered into force. 2003 YEAR
The EFTA includes the following countries: Exporters are able to be easier for exports betwe treatment. Iceland Liechtenstein Switzerland Norway Trade in Services Did you know? Enhanced market acces
The ESFTA was Singapore’s 3rd FTA to enter into force and our first FTA with European trading partners. Research and development services ESFTA Investment ESFTA facilitates access protects both existing a Protection of Intelle ESFTA ensures the prote beyond what is stipulate Intellectual Property (TR 12 EUSFTA
European Union-Singapore Key Benefits
Free Trade Agreement (EUSFTA) Elimination of Custo Entry into force NOV FTA
The EUSFTA is the EU’s first FTA in force with The EUSFTA entered into force. an ASEAN country. YEAR 2019 Asian Food Products, Elect Processed Agricultural Pro Did you know? Liberal and Flexible Ru Key products originatin will be able to enter the
The EU is the world’s largest single market with over 500 million consumers. Singapore companies w products from ASEAN M agreements with the EU (e.g. EU-Vietnam FTA). Improved Market Ac Singapore businesses w Professional Computer Services Related Ser More Opportunities Singapore companies c include: EUSFTA Railway Co Services Se Reduction of Techni Singapore exporters wi as other non-tariff barr Electronics Enhanced Protectio The EUSFTA provides fo Singapore-based produ royalties for production 14 GSFTA
Gulf Cooperation Council- Key Benefits
Singapore Free Trade Agreement Trade in Goods Approximately 98.6% of (GSFTA) Sectors include: SEP
Singapore is the first Asian country to sign FTA The GSFTA entered into force.
an FTA with the Gulf Cooperation Council 2013 YEAR (GCC). Telecommunications
The GCC includes the following countries: SG Bahrain Kuwait Oman Qatar Saudi Arabia United Arab Emirates SG-originatin Did you know?
Singapore has also signed separate Bilateral Investment Treaties with all the GCC Predictab
countries which sets out standards of protection for our investments in the GCC GCC coun countries. Trade in Services Singapore companies e GSFTA 16 CECA
India-Singapore Comprehensive Key Benefits
Economic Cooperation Agreement Trade in Goods Singapore businesses e (CECA) than other foreign impo AUG The CECA entered into force. 2005 Food Products P YEAR Products such as sweet Did you know? selected animal product
India’s working population will make up 65% of its total population by 2030. It has
about a fifth of the world’s population. In general, Singapore ex and undergoing a chang
level qualify for prefere
Trade in goods between India and Singapore doubled in the decade since CECA was signed. A de-minimis provision exporters’ goods to qua not meet the origin crite A list of product-specifi such as machinery parts Trade in Services Singapore service suppli $ Bank $ ATM $ ATM CECA
Financial – DBS Bank an have established their p India, making it easier f companies to access fin when doing business th Investment Protecti 18 JSEPA Key Benefits
Japan-Singapore New-Age Trade in Goods
Economic Partnership Agreement
Tariff elimination for a originating exports to Ja (JSEPA) NOV The JSEPA entered into force. Tariff reduction for mo Improved tariff benefits. agricultural products a YEAR 2002 Singapore into Japan. SEP
The revised JSEPA entered into force.
Improved market access and rules of origin. YEAR 2007 More flexible Rules of O Singapore’s exports to q of Singapore-originating Did you know? FTA
The JSEPA is Japan’s first bilateral free trade agreement and one of Singapore’s
earliest FTAs with a major trading partner.
In recent years, the top traded good between Singapore and Japan is electronic intergrated circuits. Trade in Services JSEPA Others The JSEPA also includes Inte Pro Develop a robust frame the use of intellectual p 20 KSFTA
Korea-Singapore Free Trade Key Benefits Agreement (KSFTA) Trade in Goods Singapore’s originating
across 91.6% tariff lines MAR
The KSFTA is the first free trade agreement FTA The KSFTA entered into force.
between the Republic of Korea (ROK) and an Reduction of Technic 2006 Asian country. YEAR Mutual Recognition Agr Did you know? Electrical and Electro
Following the entry into force of the KSFTA in 2006, Singapore’s total trade with the Equipment ROK grew by 46%. Trade in Services
The ROK’s direct investment into Singapore has since also increased over eighteen- Singapore’s service indu
fold, to account for S$23 billion of investment stock. Educ
In recent years, the top traded goods between Singapore and the ROK include: For example, in languag certified language progr TOEFL and TOEIC, corpo service quality programm Refined Integrated
Passenger and Cargo Ships Petroleum Circuits Investment Protecti BID BID BID BID KSFTA Others Beyond liberalising trade film and games, human Environment 22 PSFTA
Panama-Singapore Free Trade Key Benefits Agreement (PSFTA) Trade in Goods Tariff Elimination and The PSFTA has eliminate for Panamanian produc JUL
The Panama-Singapore Free Trade FTA
The PSFTA is Singapore’s first broad-based Agreement entered into force.
and comprehensive bilateral FTA with a Latin 2006 YEAR American country. Key exports that will b Did you know? Refined oil
The PSFTA has eliminated tariffs for 98% of Singapore’s exports to Panama. Rules of Origin and Cu
Panama is home to a key maritime shortcut, the Panama Canal, which connects the Exporters and producer
Atlantic and Pacific Oceans and moves large amounts of trade daily. formal certificate of orig Companies only need to export invoices. The self competitiveness, as it ge
Under the PSFTA, preferential tariffs are accorded upon the importer’s declaration; no
further applications are required. Trade in Services Singapore and Panama nondiscriminatory mark businesses to compete investors can benefit fro Investment PSFTA Government Procur BID BID BID BID 24 SAFTA
Singapore-Australia Free Trade Key Benefits Agreement (SAFTA) Trade in Goods
Tariff elimination for a into force in 2003. JUL
The SAFTA is one of Singapore’s earliest FTA SAFTA entered into force.
trade agreements and is the centrepiece 2003 YEAR
of Singapore’s economic relationship with Improved Rules of Orig Australia. It is now easier for Singa JUN
SAFTA was upgraded under the ambit of
the Singapore-Australia Comprehensive 2015 ROO criteria and related
Strategic Partnership (CSP) agreement. YEAR navigate, allowing comp concessions. Small and OCT in Australia will have a c The upgraded SAFTA was signed. 2016 YEAR DEC Further reduction of n
The upgraded SAFTA entered into force. Singapore businesses c YEAR 2017 Food Products Trade in Services Better access to Servic Singapore businesses ca environment, as well as SAFTA Investments Government Procur BID BID BID BID 26 PeSFTA
Peru-Singapore Free Trade Key Benefits Trade in Goods Agreement (PeSFTA) Tariff Elimination an Singapore’s exports to P more than 87% of Singa AUG FTA
The PeSFTA is the first FTA between Peru PeSFTA entered into force. and an Asian country. YEAR 2009 Chemicals M Did you know? Rules of Origin Singapore exporters ha preferential treatment c
The PeSFTA is the second bilateral FTA between Singapore and a Latin American
country. In the decade following the entry into force of the PeSFTA, Singapore’s total
trade with Peru grew by 67%, and Direct Investment Abroad (DIA) into Peru grew by In gener 143%. classifica
One of Singapore’s top imports from Peru is cocoa beans. Peru is among the world’s largest producers of cocoa. Customs Facilitation Increased transparency
Singapore imports a diverse range of goods from Peru, including minerals, produce, and even footwear! Trade in Services More favourable busine suppliers as they are gr
In recent years, Singapore’s investments into Peru were mainly in the financial and Peruvian service supplie insurance services sectors. Investment Protecti Businesses can expect l and greater access to th Government Procur Better access for Singap PeSFTA transparency as informa Competition Law Singapore businesses ve in both countries have a Peruvian market can be Dispute Settlement Singapore businesses ca E-Commerce Electronic t between Si will remain duties, whic savings for 28 SCRFTA Key Benefits
Singapore-Costa Rica Free Trade Trade in Goods Over 95% of Singapore’ Agreement (SCRFTA) Key exports include: JUL SCRFTA entered into force. YEAR 2013 Electrical and Electronic Products Did you know?
The SCRFTA is the third bilateral FTA between Singapore and a Latin American country. Prefere
Costa Rica is a producer and source of medical instruments, including heart valves. Businesses can enjoy tim
procedures to facilitate and Costa Rica. Trade in Services Better access to Servic Computer and Related Services Investment SCRFTA Government Procur Greater procurement o Singapore companies p airports can access mor Bilateral Cooperatio Both Singapore and Cos Science and Foo Technology agri-b 30 SJFTA
Singapore-Jordan Free Trade Key Benefits Agreement (SJFTA) Trade in Goods
97.5% of all goods of Si AUG
The SJFTA is Singapore’s first FTA with a FTA SJFTA entered into force.
country in the Middle East, and is Jordan’s 2005
first FTA with a country in Asia. YEAR Most exports from Sing Origin (ROO) commitme A product will qualify fo Singapore or Jordanian or Jordan. Did you know?
Negotiations for the SJFTA were launched at the fringe of the World Economic Forum Singap
in Amman, Jordan, in June 2003, after his Majesty King Abdullah II Bin Hussein inputs
accepted the proposal by then-Prime Minister Goh Chok Tong. Trade in Services The SJFTA safeguards m a more predictable oper service suppliers. Singa preferred access in Jord E-commerce Singapore and Jordan h for e-commerce, and wi transmissions, imposing products and impeding SJFTA Business Cooperatio Singapore and Jordan re between private enterp Singapore, Jordan, Midd 32 SLSFTA
Sri Lanka-Singapore Free Trade Key Benefits Agreement (SLSFTA) Trade in Goods Singapore exports will e SLSFTA is fully implemen MAY FTA
The SLSFTA entered into force and will be fully
The SLSFTA is Sri Lanka’s first modern and implemented by 2033. comprehensive FTA. 2018 The SLSFTA includes new YEAR make it easier for produ exported to Sri Lanka. Sanitar Did you know? transp and fac out in S
The SLSFTA is Sri Lanka’s first modern and comprehensive FT To date, A.
more than 90 Singapore companies have established a presence in Sri
Lanka, in the construction, infrastructure, manufacturing, food processing, and service sectors. Trade in Services
There will be better acc Professional In these sectors, service Investment Protect SLSFTA Government Procur BID BID BID E-Commerce 34 TRSFTA
Turkey-Singapore Free Trade Key Benefits Agreement (TRSFTA) Tariff Elimination an 80% of Singapore’s origi free access into Turkey s and coverage is set to ris OCT FTA
Turkey’s first comprehensive and broad- The TRSFTA entered into force. based FTA. 2017 YEAR The Rules of Origin that
First of Singapore’s FTAs with a simple Rule regional supply chain an ROO
of Origin for Asian processed products benefit Singapore’s expo
that makes it easier for exporters to enjoy preferential tariffs.
First of Turkey’s FTAs with an Electronic Singapore exporters can Commerce Chapter. treatment on a self-certi and cuts administrative Trade in Services Did you know? Singapore’s services com services market in areas
80% of Singapore’s originating exports have enjoyed tariff-free access into Turkey others.
since the TRSFTA entered into force and coverage is set to rise to 95% from now to 2027. Greater Customs Fa Increased efficiency and and advance rulings. Electronic Commerce Under the TRSFTA, busin Electronic that are f customs TRSFTA Government Procure BID BID B N ID pr BID se te an Investment Opportu S OPPORTUNITIES 36 UKSFTA
United Kingdom-Singapore Free Key Benefits
Trade Agreement (UKSFTA) Elimination of Tariff Upon Entry into Force DEC
The UKSFTA is the first free trade agreement FTA UKSFTA was signed.
between the UK and an ASEAN member state. YEAR 2020 Asian food products, electro agricultural products JAN
UKSFTA took effect from 1 Jan 2021 via provisional application. YEAR 2021 Liberal and flexible FEB
UKSFTA entered into force on 11 Feb 2021. 2021 YEAR Automobiles Chemicals Did you know? EU & ASEAN Cumula
The UKSFTA ensures trade continuity, allowing UK and Singapore companies to
continue enjoying the same benefits that were available under the EU-Singapore Free Trade Agreement.
Preferential Tariff Trea Reduction of Techni Singapore exporters wil as other non-tariff barri Electronic Enhanced Market Ac Singapore businesses w UKSFTA Engineering Adve services ser More Opportunities BID BID BID BID Sing mun Enhanced Intellectu The right