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What is Free Trade Agreement (FTA)?

FTAs are legally binding international treaties signed by two or more trading partners to promote commerce by lowering trade barriers in products, services, and investments.

WHO STANDS TO BENEFIT FROM FTAS?


With Singapore being an open trading economy, a vast majority of imports already enter Singapore tariff-free. FTAs primarily assist Singapore exporters, especially those in the following categories:

  • Singapore-based exporters/manufacturers whose products currently face tariff restrictions and qualify to receive preferential tariff treatment under FTAs beyond a trading partner’s World Trade Organisation (WTO) commitments.

  • Singapore-based exporters/manufacturers whose products are traded between FTA partner countries stand to benefit from less stringent rules of origin.

  • Singapore-based service suppliers and investors for whom trading partners commit to safeguard market access, protect investments and ensure business certainty under FTAs.


Bilateral FTAs

Agreements signed between Singapore and a single trading partner

Bilateral FTAs

Agreements signed between Singapore and a single trading partner



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