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Ministry of Energy, Trade and Industry
Free Trade Agreements/Partnerships

Korea-Singapore Free Trade Agreement (KSFTA)

The Korea-Singapore Free Trade Agreement (KSFTA) is the Republic of Korea’s (ROK) first comprehensive FTA with an ASEAN Member State and the bedrock of bilateral economic ties between Singapore and the ROK.

About the Korea-Singapore Free Trade Agreement (KSFTA)

The KSFTA which entered in force in 2006, enhances and safeguards market access, ensures a more predictable operating environment for service suppliers, and provides protection for Singapore investments in the Republic of Korea (ROK).

Key Features of the KSFTA

Tariff Elimination

91.6% of tariffs for Singapore’s exports to the ROK have been eliminated.

Enhanced Market Access

Improved market access to the ROK services market in areas such as Education, Logistics, and Environmental Services.

Reduced technical barriers to trade.

Mutual Recognition Agreements (MRA) in Electrical and Electronic Equipment, Telecommunications Equipment, and Good Manufacturing Practices.

Investment Protection

Creation of a stable, predictable and secure legal environment for Singapore investors in the ROK.

More resources

For more information on the KSFTA, please refer to the agreement webpage (opens in new tab).

To check if your product is eligible for tariff concessions under the KSFTA, please use the Tariff Finder: EnterpriseSG Tariff Finder (opens in new tab)