Singapore-South Korea Free Trade Agreement

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Syllabus of the Subject: Singapore-Korea Free Trade Agreement

Introduction to the South Korea-Singapore Free Trade Agreement (FTA)
Foreign Trade in Goods, Services, and Investment
Benefits to the Singaporean and the South Korean Exporters
Rules of Origin

The Subject “Korea-Singapore Free Trade Agreement (FTA)” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Masters: Business in Asia, International Business, Foreign Trade
Doctorates: Asian Business, World Trade
Diploma: Business in the ASEAN Markets
Courses: Taoism, Confucianism & Business, Buddhism and Business

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

E-learning Course, Online Asian Student, University

Learning materials in or Singapur Coree

Example of the Subject: Singapore-Korea FTA Agreement
Singapore-South Korea Free Trade Agreement (Course)

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Description of the 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:

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

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

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 Barriers to Trade (TBT)
8. Cross-Border Trade in Services
9. Telecommunications
10. Financial Services
11. E-Commerce
12. Temporary entry for business persons
13. Intellectual Property Rights (IPR)
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:

75% of the Singaporean exports to South Korea benefit from an immediate tariff elimination (cost advantage)
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.

South Korean Free Trade Agreements: Africa-Korea, APEC, APTA, EFTA, United States, ASEAN, European Union, India, Peru, Chile...
Singaporean Free Trade Agreements: ASEAN (Australia, Canada, China, India, European Union, Japan, Russia, Pakistan), Indian-Ocean Rim Association, Trans-Pacific Agreement, Australia, China, Jordan, India, Japan, Korea, New Zealand, Panama, Peru, EFTA, United States...