Free Trade Agreement (FTA)

 

We are fully conversant with various FTAs in Singapore and can advise on how to take advantage of the current and future agreements within the parameters of the legislation.

 

A Free Trade Agreement (FTA) is a legally binding agreement between 2 or more countries to reduce or eliminate barriers to trade, and facilitate the cross border movement of goods and services between the territories or the parties.

Import duties are largely dependent on individual countries’ trade policies. Countries have the right to increase/reduce import duties when necessary. Such decisions can severely affect long-term exports into these markets. However, FTA preferential rates are legally binding and signatory countries have to abide by the concessions offered. This ensures stability for exporters in the long run.
 

Example of volatile import duties
Exports of Gold Dore Bars into India

                                                 Jan 2013            Jun 2013          Jan 2015         With Asean - India FTA

   Import Duty                               06%                   08%                  10%                             0.0%

   Export Value                       $100,000.00      $100,000.00      $100,000.00               $100,000.00

   Duties Payable                      $6,000.00         $8,000.00          $10,000.00                     $0.00

Over the years, SINGAPORE has forged an extensive network of over 23 implemented agreements.
With the "Back To Back" Certificate of Origin - COO, manufacturers or suppliers information and document will be
"Unknown" to your buyer in the importing country.
"Back To Back" COO issued by Singapore Customs can be arranged for the following FTAs
Our Charges = SGD150.00 Per Shipment For Application of "Back to Back" COO
Shipment must be arranged by Us

Singapore's Coffee Trader, with no manufacturing facilities in Singapore engaged the factory in Malaysia to produce his brand of "3 in 1" coffee. We arrange:

 The shipment from Port Klang Malaysia to China/Shenzhen via Singapore

 Back to Back FORM ACFTA: China ~ ASEAN Free Trade Agreement, issued by Singapore Customs

Import Duty into China was Zero Rated

Singapore's Signage Company won the contract to provide Signage to India Airport in 2012. FCL loads of Signage was produced in Singapore, we arrange:

The shipment from Singapore to Nhava Sheva/India

FORM AIFTA: India ~ ASEAN Free Trade Agreement, issued by Singapore Customs

Import Duty into India was Zero Rated

Singapore's Mattress Trader, with no manufacturing facilities in Singapore engaged the factory in Thailand to produce his brand of Mattress. We arrange:

 The shipment from Bangkok Port to ASEAN Countries via Singapore

​ Back to Back FORM AFTA: ASEAN ~ ASEAN Free Trade Agreement, issued by Singapore Customs

 Import Duty into ASEAN Countries was Zero Rated

Success Stories

China Certificate of Origin and Free Trade Agreement Document

Ends Buyer require your company to provide China Certificate of Origin or Free Trade Agreement Document

We are able to provide 3rd Party document to meet your client requirement

Our Charges:

(1 - 10 HS Code)       = USD 135.00 / set

(11 - 15 HS Code)     = USD 180.00 / set

(16 - 20 HS Code)     = USD 225.00 / set

Remarks:  Shipment must be arranged by us.