Singapore Australia Free Trade Agreement Template

Since Singapore is a free port, SAFTA emphasizes the guarantee of liberal access conditions for many Australian service providers such as exporters of legal, financial and educational services. The Singapore-Australia Free Trade Agreement (SAFTA) was signed on 17 February 2003 and provides for duty-free importation of Singapore products into Australia. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. October 13, 2016 Hon Steven Ciobo MP, Minister of Trade, Tourism and Investment, and his Singaporean counterpart Lim Hng Kiang, Minister for Trade and Investment, in Canberra, the agreement amending the SAFTA, which formalizes the trade results announced on 6 May 2016 by Prime Minister Turnbull and his Singaporean counterpart, Prime Minister Lee, under the auspices of the Australia-Singapore Comprehensive Strategic Partnership (CSP). Livingston has created a special USMCA model available in pdf and Excel formats. Singapore is one of the world`s most prosperous countries and Australia`s largest trading and investment partner in Southeast Asia. SAFTA is a mutual agreement and Australian products or manufacturers get the same duty-free entry in Singapore. SAFTA offers a wide range of Australian exporters greater opportunities in goods and services, further strengthens trade and investment relations, eliminates Singapore tariffs and offers Australian companies cheaper inputs for a number of products. Note: The language of the certification declaration may be specific to the trade agreement. The Singapore-Australia Free Trade Agreement (SAFTA), which came into force in July 2003, is a comprehensive agreement that gives Australia deeper and broader results than the World Trade Organization (WTO) in services trade, intellectual property, investment and competition policy. This complements the following trade agreements, which are also included in the CBP model: SAFTA also provides a more open and predictable business environment in a number of areas, including telecommunications regulation, competition policy, procurement, technical standards, intellectual property, e-commerce, customs procedures and business travel. More information about SAFTA is available on the website of the Ministry of Foreign Affairs and Trade.

To apply for preferential rates under the amending agreement, the ICS should use the following codes: For more information, see integrated freight system – right at preferential rates. On this site, you will find a lot of information about Singapore`s activities. Please check Singapore`s profile under “Country Profiles.” The full text of the SAFTA and the amended agreement is available on the website of the Ministry of Foreign Affairs and Trade. The transition to the new rules is subject to a transitional period of three years to give importers time to adapt their supply chains and ensure that no one is disadvantaged.

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