Panama – Singapore Free Trade Agreement (PSFTA)

Country / jurisdiction: Panama · Year: 2006 · Status: In force · Level: International · Type: Voluntary

The Panama – Singapore Free Trade Agreement (PSFTA) provides for the elimination of border tariffs for 98% of the goods traded between both countries, notably 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, which is conditioned on whether the good has undergone sufficient production in the territory of the signatories ( e.g. materials used have undergone change in tariff classification) or whether materials used for the production of the good satisfy a minimum local value content of 35%.

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