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 Singaporean Exporters.
  4. Rules of Origin.
Sub-subject “Korea-Singapore Free Trade Agreement” is studied…
  1. Masters (e-learning): International Business, Asia, Emerging Markets, and Pacific
  2. Professional Doctorate in Business in Asia
  3. Diploma: ASEAN Markets

Master in International Business for Singaporean students and for Korean students

Languages of study: En or Es Singapur Fr Coree

Sample of the Sub-subject: Singapore-Korea FTA Agreement
Singapore-Korea FTA Agreement

Sub-Subject Description: South Korea-Singapore Free Trade Agreement

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

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

  1. Liberalise and facilitate international trade in products and services and expand foreign direct investment between Singapore and South Korea
  2. Establish a framework for strengthening International Economic Relations
  3. Establish a more favourable environment for their companies and promote conditions of fair competition in the Agreement
  4. Set-up transparent rules to govern 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 Asian economies.

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

  1. Liberalisation and Facilitation: National Treatment, Market Access for export products, rules and certificate of origin, foreign trade remedies, Customs Procedures, Sanitary and Phytosanitary Measures, Technical Barriers to foreign trade, Cross-Border Trade in Services, Telecommunications, Financial Services, e-Commerce, Temporary Entry of Business Persons, and Intellectual Property Rights (IPR)
  2. Bilateral Cooperation between South Korea and Singapore: Paperless trade, trade and foreign direct investment promotion, Broadcasting, e-Commerce, Environment, Financial Services, and Maritime Transport

Foreign Trade Korea-Singapore:

  1. 75% of exports from Singapore to South Korea benefit from an immediate tariff elimination (cost advantage).
  2. The 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.

Singapore-Korea Agreement

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



EENI Business School