Singapore

The Singapore-Australia Free Trade Agreement (SAFTA) was executed on 17 February 2003 and entered into force on 28 July 2003.

The SAFTA has eliminated all tariffs on goods exported to Singapore.

The SAFTA is designed to open the market for Australian services, and to clarify regulation in competition policy, government procurement, intellectual property, e-commerce, customs procedures and business travel.

Two-way trade in goods and services between Australia and Singapore exceeded $29 billion in 2013-2014. Two-way trade in services alone exceeded $9 billion. Merchandise exports from Australia to Singapore exceeded $7 billion.

Singapore and Australia have also signed the ASEAN-Australia-New Zealand Free Trade Agreement which entered into force on 1 January 2010.

Further reading on the signing of the agreement to amend SAFTA on October 2016

For detailed FTA information, please visit: http://dfat.gov.au/trade/agreements/safta/Pages/singapore-australia-fta.aspx

Date in force

  • 28 July 2003

Direct benefits

No tariffs.

Below you will find a way to look up the tariffs associated with a SELECTION of popular Australian exports. PLEASE NOTE: this is not a tariff calculator OR an exhaustive list. We recommend obtaining professional advice for products not listed here.

Indirect benefits

Open services and investment regimes.

Mutual recognition of goods and services standards.

Relaxation of visa and work permit regulations.

Subject to certain thresholds, the Singaporean Government procurements market will be open to Australian companies.

High standards of IP protection for patents, trademarks, geographical indications and copyright.

Increased use of e-commerce.

Certificate of Origin

Tariff concessions under the SAFTA are available to goods that "originate" in Australia or Australia and Singapore.

Goods must be either wholly obtained in Australia, produced in Australia from originating materials, or produced in Singapore and Australia from originating materials, non-originating materials, or a combination of originating and non-originating materials, and be supported by a certificate of origin.

For most goods, the originating materials must constitute 50% of the total manufacturing cost. For some electrical and electronic items, the originating materials must constitute 30% of the total manufacturing cost.

These proportions may be calculated on the basis of accumulation, unless textiles, clothing, footwear, jewellery, or motor vehicle items are concerned. Accumulation means that all materials used in Australia or Singapore will be taken into account despite any intermediary offshore processing.

Doing business with Singapore

There are many things to consider before embarking upon an export journey. Doing business with Singapore presents some unique challenges, but there are a number of key areas to consider before doing any international business.

The areas to consider are:

Business activities and risks

  • Location
  • Legal Structure
  • Direct tax
  • Funding
  • Repatriation of profits
  • Transfer pricing
  • Withholding tax
  • Indirect tax
  • Staffing

For a full checklist that will put you on the right path to doing business in Singapore, click HERE.

Want to know more? Visit the Export Council of Australia’s website.