ASEAN - Australia - New Zealand Free Trade Area (AANZFTA)

• The AANZFTA is ASEAN’s most comprehensive ASEAN-Plus FTA in force to date. It includes newer areas such as intellectual property, competition and electronic commerce.
• AANZFTA eliminates tariffs for 90% of the goods traded between ASEAN, Australia and New Zealand. Similar to our bilateral FTAs with Australia and New Zealand, 100% of Singapore’s trade volume with Australia and New Zealand is covered by the AANZFTA.
• Other tariffs are progressively reduced upon entry into force of the Agreement.
• Allows for back-to-back shipment of goods within member countries:. AANZFTA originating goods brought into Singapore from member countries and are 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.
• Allows for third-party invoicing of goods:. Customs authorities in the importing countries may accept a Certificate of Origin when the sales invoice is issued from a different country or company exporting the originating goods in various sectors, provided that the good meets the necessary requirement. This invoice can come from countries that are not Parties to this Agreement.
• Allows for Regional ASEAN Cumulation:. Originating raw materials sourced from FTA Parties can be taken into account when assessing the origin criteria of the final product manufactured in Singapore.
• Safeguards market access and ensures a more predictable operating environment for service suppliers:. Singapore service suppliers seeking to provide their services in these markets can enjoy the same rules and regulations as the local companies in these countries.
• Includes a robust Investor-to-State Dispute Settlement Mechanism which gives investors greater protection in the form of recourse to dispute settlement in the event of conflict or expropriation.

• 1 January 2010

Step 2: Find out your product's rules of origin

 

Rules of origin are a set of criteria which determine a product's originating status in each respective FTA. It is put in place to ensure that only goods originating from the FTA partner countries will benefit from tariff concessions.

Is your product obtained/produced entirely within Singapore?		Wholly Obtained Rule applies
Does your product fall under the list of 'Product Specific Rules'? Click here to find out		Product Specific Rule applies
40% of its content must originate from the ASEAN-Australia-New Zealand region or non-originating raw materials must have undergone a change in the first 4 digits of the HS code from the finished good.

Is your product obtained/produced entirely within Singapore?
	Wholly Obtained Rule applies
Does your product fall under the list of 'Product Specific Rules'? Click here to find out
	Product Specific Rule applies
40% of its content must originate from the ASEAN-Australia-New Zealand region or non-originating raw materials must have undergone a change in the first 4 digits of the HS code from the finished good.

Singapore Customs is the authorised body in Singapore for FTA Preferential Certificate of Origin (PCO) application. Below are the three general documentary processes in using FTA.

The process from registration to receiving PCO would typically take less than one month. Please refer here for more information.

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Access the AANZFTA website for more information on the AANZFTA agreement, as well as on economic cooperation, resources, news and events.