United Kingdom – Singapore Free Trade Agreement (UKSFTA)

Country / jurisdiction: United Kingdom · Year: 2022 · Status: In force · Level: National · Type: Voluntary

The United Kingdom – Singapore Free Trade Agreement provides for the elimination or reduction of tariff barriers across major sectors, including for:

Electric motors, turbines and generators;

Mechanical equipment including pumps, appliances, and other advanced machinery;

Electric accumulators, transformers, capacitors, batteries;

Motor vehicles;

Mineral ore, slag and ash;

Mineral fuels, oils and other products;

Metals and their articles e.g. iron and steel;

Semiconductors devices and photovoltaic cells;

Rule of origins apply to qualify for the preferential tariff treatment. Conditions to confer originating status include but not limited to the following:

For ores, slags and ash, it considers production from materials, with exclusions to certain headings

For petroleum oils and gases, it could qualify i. refining of non-originating materials or ii. other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product

For most of the remaining products listed above, it considers either i. production from materials with exclusions to certain headings or ii. materials used does not exceed 50 - 60 % of the ex-works price of the product

Official source: https://www.enterprisesg.gov.sg/grow-your-business/go-global/international-agreements/free-trade-agreements/find-an-fta/UKSFTA