Agreement Between New Zealand and Singapore on a Closer Economic Partnership (ANZSCEP)

Country / jurisdiction: New Zealand · Year: 2001 · Status: In force · Level: International · Type: Voluntary

The Agreement Between New Zealand and Singapore on a Closer Economic Partnership entered into force in January 2001, and its Upgraded Protocol in January 2020.  It provides for the elimination of border tariffs for most industrial products across HS sectors 25 through 97, 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, including the following for goods not wholly produced or obtained in one of the signatory countries:

For mineral fuels, oils and products of their distillation, production processes e.g. chemical reaction, distillation, direct blending need to occur in the territories of the signatories

For most of the remaining products listed above, all non-originating materials used in the production of the good need to have have undergone a change in tariff classification or have a regional value content above 30% or 40% depending on the calculation method used.

Official source: https://www.enterprisesg.gov.sg/grow-your-business/go-global/international-agreements/free-trade-agreements/find-an-fta/ANZSCEP