About this agreement
The EFTA – Singapore Free Trade Agreement (ESFTA) eliminates 99.8% of tariffs for Singapore’s exports to EFTA markets, which include Iceland, Liechtenstein, Norway and Switzerland. It allows tariff preference based on the exporter's declaration, safeguards market access and ensures a more predictable operating environment for service suppliers.
1 January 2003
Entry into force
Key benefits
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Back-to-back shipment of goods within member countries
Goods that are brought into Singapore from ASEAN countries or Korea and re-exported within these countries, without any processing in Singapore, can enjoy tariff concessions. Originating products passing through Parties can also retain their originating status.
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Third-party invoicing of goods
Customs authorities in the importing country may accept a Certificate of Origin when the sales invoice is issued from a different country or a different company exporting the originating goods in various sectors, provided that the goods meet the necessary requirement. This invoice can come from countries that are not Parties to AKFTA.
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ASEAN Cumulation
Originating raw materials sourced from other ASEAN countries and Korea can be considered when assessing the origin criteria of the final product manufactured in Singapore. This will make it easier for Singapore exporters’ products to meet the criteria for preferential treatment.
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Safeguards market access
Ensures a more predictable operating environment for service suppliers through creating a more transparent, facilitative and secure environment for investors. Investors can look forward to fair and equitable treatment and full protection and security of covered investments; transfers of funds relating to covered investments; and compensation in the event of nationalisation or expropriation of covered investment.
Eligibility
Use the Tariff Finder to see if your product is eligible to enjoy this FTA's tariff concessions.
Alternatively, you can explore the following steps to check your eligibility.
Apply
The ESFTA only requires the importer, exporter or manufacturer to make a declaration of the originating status of the product. To obtain preferential tariff treatment in another Party, a proof of origin in the form of an origin declaration shall be completed by an exporter of a Party for products that can be considered to be originating in a Party and which fulfil the other requirement.
Resources
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