Turkiye – Singapore Free Trade Agreement (TRSFTA)

Country / jurisdiction: Republic of Turkiye · Year: 2017 · Status: In force · Level: International · Type: Voluntary

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

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