European Union – Singapore Free Trade Agreement (EUSFTA)

The Free Trade Agreement between Singapore and the European Union entered into force in November 2019.

The Agreement gradually eliminated the tariffs on the following energy sector products : 

• 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; 

 

Rules of origin state that in order to benefit from preferential tariff treatment, goods must be wholly obtained in one of the signatory countries, or need to have undergone a sufficient production process there, or that the total value of non-originating materials incorporated should not exceed 40 - 60 % of the ex-works price of the product.

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