Sri Lanka – Singapore Free Trade Agreement (SLSFTA)

Country / jurisdiction: Singapore · Year: 2018 · Status: In force · Level: International · Type: Voluntary

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) entered into force in 2018. It provides for the gradual elimination of border tariffs for 80% of tariff lines over 15 years, including for :

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, requiring goods to be wholly obtained, entirely produced, or to have undergone a sufficient production process (eg. entailing change in tariff classification) in one of the signatory countries.

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