Programmes & schemes for market expansion
Singapore–China YRD (Jiangsu) Joint Innovation Call
Singapore–China YRD (Shanghai) Joint Innovation Call
Singapore–China YRD (Zhejiang) Joint Innovation Call
Singapore–Shenzhen Joint Innovation Call
Singapore’s Bilateral Agreements with China
China–Singapore Free Trade Agreement (CSFTA)
The bilateral CSFTA signed between Singapore and China enhances Singapore-based companies' access to the vast Chinese market and boosts bilateral trade and investment relations.
Building on the commitments of ACFTA Trade in Goods Agreement, CSFTA provides for accelerated tariff concessions that will enhance the competitiveness of Singapore goods vis-à-vis other foreign imports into China. The CSFTA is also the first comprehensive bilateral FTA concluded by China with an Asian country, covering areas ranging from trade in goods and services, to investment and economic cooperation, among others.
ASEAN–China Free Trade Area (ACFTA)
The ACFTA signed between the ASEAN member states and China grants Singapore-based companies greater access to the Chinese market while improving relations, trade and investment amongst the signatories of the ACFTA.
Some key benefits of the ACFTA include a tariff elimination for 94.6% of all tariff lines for Singapore’s originating exports to China, improved foreign equity thresholds for services, and the creation of a more transparent, facilitative and secure environment for investors and their investments in ASEAN and China.
Regional Comprehensive Economic Partnership (RCEP) Agreement
The RCEP Agreement builds on existing bilateral agreements that ASEAN has with its free trade partners. It is the world’s largest FTA, comprising about 30% of global GDP and about a third of the world’s population.
The RCEP Agreement will further broaden and deepen Singapore’s economic linkages and connectivity with the region, open up opportunities and provide businesses with preferential access in the region.
Mutual Recognition Arrangement (MRA)
Companies under the Authorised Economic Operator (AEO) programmes enjoy faster customs clearance not only when exports leave their own country, but also when they arrive in the other MRA country.Under the MRA, China will recognise goods exported by Singapore’s certified companies under the Secure Trade Partnership (STP) programme as being of lower risk. Likewise, Singapore will recognise goods exported by China’s AEO companies as being of lower risk.
Singapore–China Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.