Singapore’s Bilateral Agreements with Australia
Singapore–Australia Free Trade Agreement (SAFTA)
The SAFTA signed by Singapore and Australia enhances Singapore-based companies’ access to the vast Australian market and boosts bilateral trade and investment.FTAs are treaties which ease trade and investment between two or more economies. In addition to tariff elimination, the SAFTA provides a more open and predictable business environment across a range of areas in both countries.
Singapore–Australia Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.
Comprehensive Strategic Partnership (CSP)
The CSP deepens engagement between Singapore and Australian governments to identify new fields for cooperation.It provides a framework for engagement in various areas including four key pillars across Economics, Trade, and Investment; Foreign Affairs, Defence, and Security; People-to-People; and Science and Innovation.
Singapore–Australia Digital Economy Agreement (SADEA)
The DEA is an overarching agreement for deeper cooperation in the digital economy between both countries to shape international rules, establish interoperability between digital systems, and address frontier issues from emerging technologies.The SADEA is Singapore’s first bilateral DEA. It aims to strengthen existing disciplines in the Singapore-Australia Free Trade Agreement (SAFTA) E-Commerce chapter by boosting bilateral cooperation in trade facilitation, digital identities, fintech, and e-payments, among others.
Singapore–Australia Green Economy Agreement (SAGEA)
The SAGEA is the world's first agreement that combines trade, economic, and environmental objectives.GEA aims to reduce barriers to the trade in environmental goods and services; foster convergence on regulations and standards; explore new opportunities in green growth sectors; adopt environmental measures that facilitate trade and investment in a manner consistent with existing international trade and investment obligations; and ensure a smooth and inclusive transition into a green economy that creates good jobs.