Agreement Between New Zealand And Singapore On A Closer Economic Partnership (ANZSCEP)

• *Upgrade – Companies can qualify more easily for duty-free treatment in sectors such as electronics, chemicals, pharmaceuticals and processed food. These are some of the most flexible and trade facilitative Rules of Origin among Singapore’s FTAs.
• *Upgrade – Streamlined administrative procedures enable goods that reach our borders to be released within 24 hours upon arrival, and express consignments to be released within 4 hours of submission of the necessary documentation to customs. These are the shortest release times for goods and expedited shipments among Singapore’s FTAs.
• *Upgrade – Singapore food exporters will benefit from improved market access, expedited clearance of exported goods and enhanced transparency of regulations.
• Elimination of all tariffs for Singapore’s exports to New Zealand.
• Tariff preference given based on exporter’s declaration, no application required.
• Safeguards market access and ensures a more predictable operating environment for service suppliers.
• Protection for Singapore investors and investments in New Zealand.

• 1 January 2001 – Original Agreement
• 1 January 2020 – Upgrade Protocol

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
40% of its content must originate from Singapore/New Zealand

Is your product obtained/produced entirely within Singapore?
	Wholly Obtained Rule applies
40% of its content must originate from Singapore/New Zealand

Under the ANZSCEP, exporters can provide a self-declaration proof of meeting the ROO. There is no minimum period stipulated for the retention of the customs documents.

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