Singapore Peru Free Trade Agreement (KSFTA) Rules of Origin

Course summary Singapore Korea Free Trade Agreement (FTA)

Singapore Free Trade Agreements (FTAs) - South Korea Free Trade Agreements (FTAs)

The Korea-Singapore Free Trade Agreement (KSFTA) came into force on 2 March 2006 and is Korea's first free trade agreement with an Asian country.

The objectives of this Agreement are as follows:

(a) Liberalise and facilitate trade in goods and services and expand investment between the Parties;
(b) Establish a framework for strengthening the economic relations;
(c) Establish a more favourable environment for their businesses and promote conditions of fair competition in the free trade area;
(d) Establish transparent rules to govern trade and investment;
(e) Create effective procedures for the implementation and application of this Agreement; and
(f) Establish a multi-lateral and regional cooperation and economic integration of Asian economies.

The KSFTA comprises the following elements:
(a) Liberalisation and Facilitation -National Treatment and Market Access for Goods -Rules of Origin (ROO) -Trade Remedies -Customs Procedures -Sanitary and Phytosanitary Measures -Technical Barriers to Trade and Mutual Recognition Agreement -Cross-Border Trade in Services -Telecommunications -Financial Services -Electronic Commerce -Temporary Entry of Business Persons -Investment -Intellectual Property Rights (IPR) -Competition-Government Procurement

(b) Bilateral Cooperation -Paperless Trading -Trade and Investment Promotion -Broadcasting -Film Production -Gaming and Animation -Electronic Commerce -Environment -Human Resources Management and Development -Science and Technology -Financial Services -Maritime Transport –Energy -Information and Communications Technology (ICT)-Intellectual Property Rights (IPR)

Almost 75% of Singapore's domestic exports to Korea enjoy an immediate tariff elimination which provides them a cost advantage and first mover advantage into the Korea's market.

Trade volume Korea - Singapore recorded a trade surplus amounting to US$3.47 billion during the 23 months from April 2004 to February 2006 before the free trade deal was concluded.

The figure rose to $8.69 billion during the 23 months from March 2006 to January 2008 after the deal went into force, according to the Ministry of Strategy and Finance.

Singapore Korea Free Trade Agreement (FTA)
 

Spanish: Negocios en Singapur Asia

 Educational level: Continuing education / Executive education programs.