ASEAN - Korea
Free Trade Area (AKFTA)

Population

50.42 million

(2014)

GDP

S$1.79 trillion

(2014)

GDP per capita

S$35,441.42

(2014)

Bilateral Trade

S$44.92 billion

(2015)

• Tariff elimination for 80% of all product lines.
• Allows for back-to-back shipment of goods within member countries.
• Allows for third-party invoicing of goods.
• Allows for ASEAN Cumulation.

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 for 'Product Specific Rules'? Click here to find out		Product Specific Rule applies
40% of its content must originate from the ASEAN-Korea 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 for 'Product Specific Rules'? Click here to find out
	Product Specific Rule applies
40% of its content must originate from the ASEAN-Korea 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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