EENI-Business School

Singapore-South Korea Free Trade Agreement

EENI- School of International Business

Sub-subject: Singapore-Korea Free Trade Agreement (FTA). Syllabus:

  1. Introduction to the South Korea-Singapore Free Trade Agreement (FTA)
  2. Foreign Trade in Goods, Services, and Investment
  3. Benefits to the Singaporean and South Korean Exporters
  4. Rules of Origin
Sub-subject “Korea-Singapore Free Trade Agreement (FTA)” is studied...
  1. Masters (e-learning): International Business, Asia, Emerging Markets, Pacific
  2. Doctorate in Business in Asia
  3. Diploma: ASEAN Markets

Master and Doctorate in International Business for the Singaporean Students and for Korean Students

Languages of study English or Spanish Singapur French Coree

Sample of the Sub-subject: Singapore-Korea FTA Agreement
Singapore-South Korea Free Trade Agreement (FTA)

Description of the Sub-Subject: South Korea-Singapore Free Trade Agreement (FTA).

The South Korea-Singapore Free Trade Agreement (FTA) entry into force in 2006. The agreement between South Korea and Singapore was the first trade agreement of South Korea with an Asian nation.

The objectives of the South Korea-Singapore Free Trade Agreement are to:

  1. Liberalise and facilitate International trade in goods and services and expand Foreign direct investment (FDI) between Singapore and South Korea
  2. Establish a framework for strengthening the International Economic Relations
  3. Establish a more favourable environment for their companies and Promote the fair competition conditions in the Agreement
  4. Set-up transparent rules to govern the trade and foreign direct investment (FDI)
  5. Create efficient procedures for the implementation and application of the South Korea-Singapore Free Trade Agreement
  6. Establish a multilateral and regional cooperation and economic integration of the Asian economies

The South Korea-Singapore Free Trade Agreement (FTA) covers:

  1. Liberalisation and Facilitation:
    1. National Treatment
    2. Market Access for export products
    3. Rules and certificate of origin
    4. Foreign trade remedies
    5. Customs Procedures
    6. Sanitary and Phytosanitary Measures
    7. Technical foreign trade barriers
    8. Cross-Border Trade in Services
    9. Telecommunications
    10. Financial Services
    11. e-Commerce
    12. Temporary Entry of Business Persons, and
    13. Intellectual Property Rights (IPR)
  2. Bilateral Cooperation between South Korea and Singapore:
    1. Paperless trade
    2. Trade and foreign direct investment promotion
    3. Broadcasting
    4. e-Commerce
    5. Environment
    6. Financial Services and
    7. Maritime Transport

Foreign Trade Korea-Singapore:

  1. 75% of the Singaporean exports to South Korea benefit from an immediate tariff elimination (cost advantage)
  2. Total international trade South Korea-Singapore recorded a foreign trade extra amounting to 3.47 billion dollars before the Singapore-Korea Free Trade Agreement deal was concluded

The South Korea-Singapore Free Trade Agreement (FTA) operates within the Buddhist Civilisation.

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