Turkiye – Singapore Free Trade Agreement (TRSFTA)
The Turkiye – Singapore Free Trade Agreement (TRSFTA), which entered into force on 1 October 2017, eliminates more than 95% of border tariffs between the two countries.
This includes most energy products, 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 cells;
Rule of origins apply to qualify for the preferential tariff treatment, conditions to confer originating status include but are not limited to the following:
- Materials falling under HS Chapters 25 to 97 originating in an ASEAN country which is applying with Turkey a preferential agreement in accordance with Article XXIV of the GATT 1994, shall be considered as materials originating in a Party when incorporated in a product obtained in that Party, provided that they have undergone working or processing in that Party.
- For ores, slag and ash, and metals including iron and steel, local manufacturing from materials of any
heading, except that of the product - For mineral fuels and oils, the value of non-originating materials should not exceed 60% of the ex works price of the product
- For petroleum oils and gases, the product heading should not be more than 50% of the ex-works price of the product
- For most of the remaining products listed above, the value of non-originating materials used should not exceed 40-60% of the ex works price of the product
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