Japan - Singapore Free Trade Agreement (JSEPA)

Course summary Japan - Singapore Free Trade Agreement (JSEPA)

Singapore Free Trade Agreements (FTAs) - Japan Free Trade Agreements and EPAs

The Agreement between Japan and the Republic of Singapore for a New-Age Economic Partnership Agreement (JSEPA) came into force on 30 November 2002.

The revised JSEPA will result in improved market access for goods, revised rules of origin, improved specific commitments for financial services, revised customs procedures and technical alteration to provisions on competition.

The Agreement comprises the following elements:

(a) Liberalisation and Facilitation
- Trade in Goods
- Rules of Origin
- Customs Procedures
- Mutual Recognition Agreement
- Trade in Services (including Financial, Courier and Telecoms Services)
- Investment
- Movement of Natural Persons
- Government Procurement

(b) Partnership and Co-operation
- Customs Procedures
- Paperless Trading
- Intellectual Property
- Competition Policy
- Financial Services
- Information and Communications Technology
- Science and Technology
- Human Capital Management and Development
- Trade and Investment Promotion
- Development of Small and Medium Sized Enterprises
- Broadcasting
- Tourism.

Rules of origin (ROO) identify the “nationality” of a product. In the context of the JSEPA, they ensure that only Singaporean or Japanese products enjoy the tariff preference negotiated under the Agreement. The threshold of the Value-Added rules in JSEPA Review will also be reduced from 60% to 40% for most of the products.

The JSEPA ROO are negotiated taking into consideration current and future production trends in Singapore. Most notably, the ROO acknowledge the unique production pattern of Singapore whereby certain stages of the production of the goods are outsourced to lower cost centres (ie. parts and components are shuttled to and from Singapore at various stages of production).

Japan - Singapore Free Trade Agreement (JSEPA)
 

Spanish: Negocios en Singapur Asia

 Educational level: Continuing education / Executive education programs.