Trade Agreements
Korea - Singapore Free Trade Agreement
Area of Cooperation
Goods, Services, Government Procurement, Investment, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor and Environmental Standards, Capacity Building
Sign Date
January 1, 2005
In Force Date
December 31, 1969
Summary
The “Korea - Singapore Free Trade Agreement“ will allow all Korean exports to enter tariff-free to Singapore. The Korean market will also be opened to various Singapore services. Singapore will support Korea’s expansion into ASEAN while Korea will provide a bridge for Singapore to enter Northeast Asia.
http://docsonline.wto.org/DDFDocuments/t/WT/REG/210-1.doc
| Rules of Origin |
i.
Waive
the requirement for a certificate of origin for low-value originating goods
ii.
An
advance ruling on the eligibility of originating goods for preferential tariffs
and tariff classification. |
| Scope |
i.
bilateral |
| Contingency |
i.
Anti
- Dumping: Although the KSFTA allows for the continued use of anti-dumping
measures under the Trade Remedies Chapter, the provisions have been tightened
to limit the amount of AD duties that may be imposed.
ii.
Countervailing Duties : Within WTO |
| News/Studies |
i.
“ http://www.bilaterals.org/article.php3?id_article=2408
ii.
“Trade
and Visitors Up Since Singapore-Korea FTA” http://english.chosun.com/w21data/html/news/200703/200703020007.html
iii.
“
iv.
“ |
| Additional Links |
i.
http://www.worldtradelaw.net/fta/agreements/korsingfta.pdf |