Free Trade Agreements/Partnerships
US-Singapore Free Trade Agreement (USSFTA)
The U.S.-Singapore Free Trade Agreement (USSFTA) entered into force on 1 January 2004 as the U.S.’ first FTA with a partner in the Asia-Pacific.
About the US-Singapore Free Trade Agreement (USSFTA)
The U.S.-Singapore Free Trade Agreement (USSFTA) entered into force on 1 January 2004 as the U.S.’ first FTA with a partner in the Asia-Pacific. It remains the U.S.’ only FTA with an ASEAN partner.
Key features of the USSFTA
Tariff Elimination
Under the USSFTA, both countries committed to eliminating tariffs on each other’s goods.
Merchandise processing fee waived for originating goods
Merchandise processing fee waived for originating goods, lowering the cost of trading goods between the U.S. and Singapore.
Customs Facilitation
Increased efficiency and predictability for traders, including through establishing timelines for the release of goods and express shipments.
Trade in Services
Preferential market access in a range of sectors, including financial, environmental, distribution, and professional services. Businesses can expect non-discriminatory treatment and compete on a level playing field in each other’s markets.
Government Procurement
Singapore suppliers can participate in tenders for specified goods and services conducted by the US Government entities.
More resources
More information can be found on Enterprise Singapore’s website (opens in new tab).
Read the legal text here (opens in new tab).