Gulf Cooperation Council – Singapore Free Trade Agreement (GSFTA)

Country / jurisdiction: Singapore · Year: 2013 · Status: In force · Level: International · Type: Voluntary

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.

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