Key Benefits
 
  • The EU will remove tariffs on 84% of all Singapore products entering the EU within the first year, and the remaining 16% over a period of 3 to 5 years.
  • Enhanced market access for Asian food products made in Singapore, such as lap cheong (dried Chinese sausage) and sambal ikan bilis (spicy crispy anchovies). These can enter the EU tariff free under flexible ROOs, up to a combined quota of 1,250 tonnes annually.
  • Unnecessary technical barriers to trade (TBT) for Singapore and EU exporters which sometimes makes it difficult for companies to sell their products in different markets will be removed. A wide range of sectors in both the EU and Singapore will benefit, such as electronics, motor vehicles and vehicle parts, pharmaceuticals, renewable energy, as well as meat and meat products.
  • Enhanced market access for service providers, professionals and investors, and creates a level-playing field for businesses in each other’s markets, including through certain sectors specific rules on non-discrimination and transparency. The agreement covers a wide range of services sectors including financial services, professional services, computer and related services, research and development, business services, telecommunication services, environmental services, and tourism and travel related services.
  • Enhanced access to city-level and municipal-level government procurement (GP) opportunities. Companies that will benefit include those with strengths in computer-related services, telecommunications services, land transport services, maintenance and repair services, sewage and refuse disposal, and architecture and engineering services.
 
Can your product(s) enjoy this FTA's tariff concessions?
 

Step 1: If your product HS code is included in the Tariff Schedule of the EU, the respective staging categories (3, 5 or X) apply to the elimination of customs duties. If your product HS code is not included in the Tariff Schedule of the EU, it means that the customs duty will be eliminated upon entry into force of the EUSFTA.

 

Step 2: Find out the rules of origin criteria for your product HS code.

 

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

Is your product
obtained/produced entirely
within Singapore?
Wholly
Obtained Rule
applies
(Article 4 of Protocol 1)
Product Specific Rule
applies
Click here to find out
How to apply, if your products(s) can enjoy tariff concessions:
 

Under the EUSFTA, the exporter shall submit an origin declaration on the invoice, or any other commercial document which certifies that the goods qualify as originating goods for their import into the EU. The origin declaration shall contain the text and details as set out in Annex E of Protocol 1 of the legal text and must describe the goods in sufficient detail to enable its identification by the importing customs authority.

EUSFTA Legal Text
 

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Others
 

Infographics
Guide on the EUSFTA and EUSIPA for Singapore and EU-based businesses
Press Release