Sri Lanka – Singapore Free Trade Agreement (SLSFTA)

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) entered into force in 2018. It provides for the gradual elimination of border tariffs for 80% of tariff lines over 15 years, including 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, requiring goods to be wholly obtained, entirely produced, or to have undergone a sufficient production process (eg. entailing change in tariff classification) in one of the signatory countries.

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