Free Trade Agreement between Singapore and the States of the European Free Trade Association

Country / jurisdiction: Iceland · Year: 2003 · Status: In force · Level: International · Type: Voluntary

The EFTA – Singapore Free Trade Agreement (ESFTA) provides for the elimination of 99.8% of border tariffs between Singapore and  Iceland, Liechtenstein, Norway and Switzerland.

It covers most industrial products across HS sectors 25 through 97 including most energy products and its constituents 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;

The Agreement also includes rules of origin. Goods are counted as originating from one of the signatory countries if:

wholly produced or obtained in the country

undergone sufficient or process e.g. their total value does not exceed 10-50 per cent 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/ESFTA