Singapore

Relation: 

The EFTA States signed a Free Trade Agreement with Singapore in Egilsstaðir, Iceland, on 26 June 2002. The Agreement entered into force on 1 January 2003.

Summary

The Agreement has a comprehensive scope, including trade in goods (industrial products, processed agricultural products, fish and marine products), trade in services, investment, protection of intellectual property rights, public procurement and competition. Bilateral agreements on basic agricultural products between the individual EFTA countries and Singapore also form part of the instruments creating the free trade area.

Content of the Free Trade Agreement

The Agreement consists of 73 Articles, twelve Annexes and a Record of Understanding. The Agreement covers the following main subjects:

  • Trade in Goods
  • Rules of Origin
  • Sanitary and Phytosanitary Measures (SPS)
  • Technical Barriers to Trade (TBT)
  • Trade Remedies
  • Trade in Services
  • Investment
  • Protection of Intellectual Property (IPR)
  • Government Procurement
  • Competition
  • Institutional Provisions
  • Dispute Settlement

Trade in Goods

Industrial Goods and Fish and marine products

All trade in industrial products and fish and other marine products from the EFTA States will benefit from duty-free access to the respective markets as of entry into force of the Agreement.

Agricultural products

Trade in processed agricultural products are covered in an Annex under the main Agreement. The Annex grants concessions for products such as sugar confectionary, chocolates, pasta, prepared foods, sauces and preparations, soups, waters etc.

In addition, trade in basic agricultural products is covered in three bilateral agreements on basic agricultural products negotiated between the respective EFTA State (Iceland, Norway and Switzerland/Liechtenstein) and Singapore.

These agreements form part of the instruments establishing the free trade area and are subject to the relevant disciplines for trade in goods in the main agreement. They provide for concessions on both sides. Each agreement contains specific rules of origin, generally based on the “wholly-obtained” criteria.

Rules of Origin

The Agreement provides for liberal rules of origin. Furthermore, for a restricted number of products, it allows in outward processing an increased 50 per cent limit applicable to the total added value in and outside the territories of the Parties.

Sanitary and Phytosanitary Measures (SPS)

The Parties agree to apply their regulations in sanitary and phytosanitary matters in a non-discriminatory manner and to not introduce any new measures that have the effect of unduly obstructing trade.

Technical Barriers to Trade (TBT)

The Agreement contains a provision on technical regulations which is in accordance with the relevant WTO Agreement and which provides for strengthened cooperation in the field of technical regulations, standards and conformity assessment. 

Trade Remedies 

The Agreement contains provisions on subsidies, anti-dumping and emergency action on imports of particular products. Regarding anti-dumping, the Agreement provides that a Party shall not apply anti-dumping measures in relation to products originating in another Party. 

Trade in Services

The Chapter on trade in services covers the liberalisation of all four modes of service supply, as defined under the WTO GATS in all services sectors with the exception of air transport. The liberalisation of trade in services takes place according to schedules of specific commitments. The schedules of commitments will be reviewed at least every two years, and the Parties have committed themselves to liberalise substantially all trade in services within a timeframe of 10 years.

The two Annexes on financial services and telecommunication services contain additional disciplines which are of specific relevance to these sectors.

Investment

As regards investment, the Agreement covers both access for foreign investors to the respective markets and the protection of existing and future investments.

The disciplines concerning investment protection correspond to those usually found in bilateral investment protection agreements, including provisions on promotion and protection, national and MFN treatment, taxation, dispossession and compensation, domestic regulation, transfers and key personnel. The Agreement also foresees the possibility of direct dispute settlement between a Party to the Agreement and an investor of another Party. Such disputes may be submitted to binding arbitration provided both parties to the dispute agree upon this. Reservations to the Chapter are contained in Annex XI.

Protection of Intellectual Property (IPR)

The provisions on protection of intellectual property rights cover, inter alia, patents, trademarks and copyright and geographical indications.

The level of protection in certain areas goes beyond what is stipulated under the WTO Agreement on Trade Related aspects of Intellectual Property, taking into account the principles of most favoured nation treatment and of national treatment.

Government Procurement

The Chapter on government procurement confirms the respective commitments under the WTO Agreement on Government Procurement. The Agreement also provides for co-operation between the Parties and for the establishment of contact points to exchange information on rules in this field.

Competition

Regarding competition, the Agreement includes provisions on co-operation and exchange of information with the aim of ensuring and facilitating the enforcement of the Parties' respective competition laws.

Institutional Provisions

A Joint Committee comprising the EFTA States and Singapore supervises the implementation of the Agreement.

Dispute Settlement

A separate Chapter on dispute settlement aims at ensuring effective dispute settlement and implementation of the provisions of the Agreement.

Annexes and Record of Understanding
Trade in Goods Annex I Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Co-operation Appendix 1 Introductory Notes
      Appendix 2 List Rules
      Appendix 3 Outward Processing
  Annex II Territorial Application    
  Annex III Processed Agricultural Products Table  
  Annex IV Fish and Other Marine Products    
  Annex V Products not covered by Article 8    
Trade in Services Annex VI Most-Favoured-Nation Treatment    
  Annex VII Schedules of Specific Commitments Appendix 1 Singapore
      Appendix 2 Liechtenstein
      Appendix 3 Iceland
      Appendix 4 Norway
      Appendix 5 Switzerland
  Annex VIII Financial Services    
  Annex IX Telecommunication Services    
  Annex X Recognition of qualifications for Engineering Services    
Investment Annex XI Investment Reservations Appendix 1 All Parties
      Appendix 2 EFTA States
      Appendix 3 Singapore
      Appendix 4 Iceland
      Appendix 5 Liechtestein
      Appendix 6 Norway
      Appendix 7 Switzerland
IPR Annex XII Protection of Intellectual Property    
Other   Record of Understanding    

 

Bilateral Agreements on Agriculture
Iceland-Singapore
Norway-Singapore
Switzerland-Singapore - English / French / German / Italian

 

Joint Committee Decisions
Decision Subject Adopted Entry into force
 2011
No. 1/2011 Amendments to Article 21 of Main Agreement     23.11.2011 Pending
2010
No. 1/2010 Amendments to Annex IV 06.07.2010 01.11.2011
2007
No. 5/2007 Amendment to App. 1-3 of Annex I 14.03.2007 01.08.2007
No. 4/2007 Amendment to Annex I 14.03.2007 01.08.2007
No. 3/2007 Amendment to Annex IV 14.03.2007 01.08.2007
No. 2/2007 Amendments to Annex V 14.03.2007 01.08.2007
No. 1/2007 Amendments to Annex III 14.03.2007 01.08.2007
2004
No. 2/2004 Model Rules of Procedure for the Arbitration Panel 26.05.2004 26.05.2004
No. 1/2004 Rules of Procedure of the Joint Committee 26.05.2004 26.05.2004

 

Statistics

For EFTA-Singapore trade statistics, see EFTA Trade Statistics Tool

Officer
Trade Relations Division

+41 223322 633

Seminar on the European Economic Area - Brussels 14 February 2019