Panama – Singapore Free Trade Agreement (PSFTA)

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%.

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