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Singapore Customs became the lead agency on trade facilitation and revenue enforcement matters. It is also responsible for the implementation of customs and trade enforcement measures including those related to Free Trade Agreements and strategic goods. The headquarters is located in Revenue House along Newton Road, Novena .
Harmonized System. The Harmonized Commodity Description and Coding System, also known as the Harmonized System ( HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO ...
The Singapore–United Kingdom Free Trade Agreement (SUKFTA) is a free trade agreement between the United Kingdom and Singapore. It was signed prior to the withdrawal of the United Kingdom of the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party ...
There are 6 General Rules in all, which must be applied in consecutive order. GRI 1 prescribes how to classify products at the 4-digit Heading level, based on the wording of the headings and the relative HS Section and Chapter Notes. GRI 2 prescribes how to classify both incomplete and unassembled goods, and mixtures and combinations of goods ...
French. Spanish. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership ( CPTPP ), initially abbreviated as TPP11 or TPP-11, [ 1 ][ 2 ][ 3 ] is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It evolved from the Trans-Pacific Partnership (TPP ...
The ASEAN Free Trade Area ( AFTA) [ 1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies. [ 2][ 3][ 4] It stands as one of the largest and most important free trade areas (FTA) in ...
List of countries by tariff rate. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an ...
The United States–Singapore Free Trade Agreement was signed 6 May 2003 and ratified by the US House of Representatives on 24 July 2003 by a vote of 272-155. The US Senate ratified the bill on 31 July 2003 by a vote of 66-32. [1] President George W. Bush signed into law the United States-Singapore Free Trade Agreement Implementation Act on 3 ...