European Union – Singapore Free Trade Agreement (EUSFTA)

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The Free Trade Agreement between Singapore and the European Union entered into force in November 2019.

The Agreement gradually eliminated the tariffs on the following energy sector products : 

  • 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; 

 

Rules of origin state that in order to benefit from preferential tariff treatment, goods must be wholly obtained in one of the signatory countries, or need to have undergone a sufficient production process there, or that the total value of non-originating materials incorporated should not exceed 40 - 60 % of the ex-works price of the product.

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