Gulf Cooperation Council – Singapore Free Trade Agreement (GSFTA)

The Gulf Cooperation Council (GCC)– Singapore Free Trade Agreement (GSFTA) entered into force in September 2013. The agreement provides for the elimination of 99% of border tariffs for goods traded between Singapore and the GCC Member States, including:
 

• Electric motors, turbines and generators; 
• Mechanical equipment including pumps, appliances, and other advanced machinery; 
• Electric accumulators, transformers, capacitors, batteries; Motor vehicles; 
• Mineral ore, slag and ash; 
• Mineral fuels, oils and other products; 
• Metals and their articles e.g. iron and steel; 
• Semiconductors devices and photovoltaic cell

To qualify for preferential tariff treatment, a product needs to be wholly obtained or produced in the territory of one of the signatory countries, or to have undergone undergone there sufficient working or production process.

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