United Kingdom – Singapore Free Trade Agreement (UKSFTA)
The United Kingdom – Singapore Free Trade Agreement provides for the elimination or reduction of tariff barriers across major sectors, including for:
- 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 cells;
Rule of origins apply to qualify for the preferential tariff treatment. Conditions to confer originating status include but not limited to the following:
- For ores, slags and ash, it considers production from materials, with exclusions to certain headings
- For petroleum oils and gases, it could qualify i. refining of non-originating materials or ii. other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product
- For most of the remaining products listed above, it considers either i. production from materials with exclusions to certain headings or ii. materials used does not exceed 50 - 60 % of the ex-works price of the product
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