Panama - Singapore
Free Trade Agreement (PSFTA)

Population

3.868 million

(2014)

GDP

S$58.55 billion

(2014)

GDP per capita

S$15,140.45

(2014)

Bilateral Trade

S$7.48 billion

(2015)

• Up to 98% of tariff is eliminated for Singapore’s exports to Panama.
• Tariff preference given based on importer’s declaration, no application required.

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
35% of its content must originate from Singapore/Panama

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
35% of its content must originate from Singapore/Panama

For Singapore-originating goods, an importer would have to prove that the goods are of Singapore origin via the presentation of a certification of origin in order to claim preferential tariffs on the goods in question. The Singapore exporter or producer can make this certification of origin on the export invoice without the need for a formal certificate of origin.

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