Singapore’s Bilateral Agreements with Saudi Arabia
Gulf Cooperation Council – Singapore Free Trade Agreement (GSFTA)The GSFTA aims to enhance Singapore's growing economic relations and trade with the Gulf Cooperation Council.
Free Trade Agreements are treaties which make trade and investment between two or more economies easier. The Gulf Cooperation Council-Singapore Free Trade Agreement (GSFTA) entered into force in September 2013. The FTA aims to enhance Singapore's growing economic relations and trade with the Gulf Cooperation Council (GCC), consisting of six countries in the Middle East – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. The GSFTA eliminates most tariffs (up to 99%) on Singapore exports into the GCC. Find out how you can benefit from tariff concessions with Saudi Arabia.
Singapore – Saudi Arabia Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.
Singapore – Saudi Arabia Bilateral Investment Treaty (BIT)
BITs aim to promote greater investment flows between two countries by protecting the interests of their investors.Singapore and Saudi Arabia signed a BIT in April 2006 that came into force in October 2007. Singapore investors will be granted protection such as non-discriminatory treatment compared with other foreign investments, protection from illegal seizure of property, and the freedom to transfer capital and returns in and out of the country. Read more