Master International Business
for Singaporean students
Course summary Singapore Peru Free Trade Agreement (FTA)
The Singapore Peru Free Trade Agreement (PeSFTA) is a comprehensive
agreement covering areas such as trade in goods, rules of origin, trade
remedies, sanitary and phytosanitary (SPS) measures, technical barriers to trade
(TBT), trade in services, investment, government procurement, customs
procedures, temporary entry of persons, competition policy, institutional
provisions and dispute settlement.
The Agreement entered into force on 1 Aug 2009.
Singapore’s exports to Peru will benefit from duty free treatment immediately
upon entry into force of the FTA. This will account for over 87% of Singapore’s
total exports to Peru. Tariffs for the rest of the goods currently exported by
Singapore to Peru will be phased out over a 10 year period.
Peru is Singapore's 17th largest trading partner in Latin America,
with trade in 2007 valued at US$37.2 million, while Singapore is Peru's
largest destination for manufactured exports in Southeast Asia.
Singapore Free Trade Agreements (FTAs)
- Peru Free Trade Agreements
Singapore Peru Free Trade Agreement (PeSFTA)
For Annex 4A (Product Specific Rules) which specifies a
qualifying value content requirement, the following formula shall be applied:
QVC = FOB – VNM / FOB X 100
Where
(a) QVC is the qualifying value content of the good, expressed as a percentage;
(b) FOB is the Free On Board value of the particular
good determined in accordance with the WTO Customs Valuation Agreement; and
(c) VNM is the value of non-originating materials used by the producer in the
production of the good.
Example of the course Peru - Singapur (TLC / PeSFTA), in Spanish:
Educational level: Continuing education / Executive education programs.
EENI International Business
.
Also available in: 
