Trade AgreementsView All
United States - Singapore Free Trade Agreement
Area of Cooperation
Goods, Services (Telecommunications, Financial Services Excluded Air Transportation), Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor Mobility, Labor and Environmental Standards
January 1, 2003
In Force Date
December 31, 1969
The first FTA signed by President Bush, the US-Singapore Free Trade Agreement, expands the United States market access. Upon entry, Singapore will eliminate all tariffs on US goods. The United States’ 15th largest trading partner is Singapore. The agreement contains both WTO-plus and NAFTA-plus commitments thus giving it the reputation as a landmark agreement. It is also the first FTA between the United States and an Asian country. The agreement will support US growth and support its establishment of other agreements with ASEAN countries.
i. Cross - Continental Bilateral
|Rules of Origin|
i. Change in tariff classification
ii. Minimum content between 30-60% depending on the product
iii. No specific process necessary
i. Anti - Dumping : Allowed under domestic law principles
ii. Countervailing Duties : Allowed under domestic law principles.
iii. Safeguards : Allowed, linked to WTO Agreement on Safeguards requirements.
i. “Evaluating Environmental Issues in the US-Singapore FTA” http://www.carnegieendowment.org/publications/index.cfm?fa=view&id=1248
Trade Up 19% in 2006”