Turkiye – Singapore Free Trade Agreement (TRSFTA)

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

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