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Policies

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

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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; 

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