Singapore’s Bilateral Agreements with the Philippines
ASEAN Free Trade Area (AFTA)The AFTA covers trade in goods, investment, and services.
The Philippines is a member of the Association of Southeast Asian Nations (ASEAN). The AFTA is part of the Asian Economic Community agreement among the 10 ASEAN countries, including Singapore, and includes the ASEAN Trade in Goods Agreement, which eliminates tariffs for almost all goods and services.
ASEAN Trade in Goods Agreement (ATIGA)
ATIGA seeks to establish a single market and production based with free flow of goods in the ASEAN region.Today, the Philippines and Singapore have eliminated intra-ASEAN import duties on 99.56% of their tariff lines.
Singapore–Philippines Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.
Memorandum of Understanding for collaboration on the development of New Clark City
Collaboration between Enterprise Singapore and the Bases Conversion and Development Authority (BCDA) to facilitate business opportunities for the development of New Clark City.EnterpriseSG and the Bases Conversion and Development Authority (BCDA) are jointly promoting business collaborations for the development of the sustainable, smart and disaster-resilient city, New Clark City. Singapore companies with innovation solutions and services in areas such as smart cities and urban solutions, sustainability, transport and connectivity, as well as consumer and lifestyle, can tap on this partnership to access upcoming projects and opportunities in the city.
Singapore Chinese Chamber of Commerce and Industry (SCCCI) Memorandum of Agreement
The agreement aims to foster closer business ties between Singapore and Filipino businesses.SCCCI has a Memorandum of Agreement with the Makati Business Club since 2019.