Singapore

EU – Singapore Free Trade Agreement

EU – Singapore Free Trade Agreement

Did you know that you could save money on your international shipments to and from Singapore? The EU-Singapore Free Trade Agreement (FTA) creates significant opportunities for businesses in both regions by making it easier and cheaper to import and export. All it takes to take advantage of duty-free access is a simple declaration to be added to the commercial invoice.

Learn how you could benefit from the EU-Singapore FTA.

What’s in it for your business?

Euro

Cost savings

Almost all goods are able to be traded duty-free and non-tariff barriers reduced.

International

Improved access

Easier access to the Singapore market could mean new opportunities for your business.

Document

Simpler regulation

It is now easier for EU and Singapore companies to work together, for example, by aligning product safety standards.

Customs

Simplified, modern customs procedures

Modern customs processes allow for quick and easy release of your goods.

NOTE: The trade agreement applies to duties, not taxes. Any applicable GST for imports into Singapore and VAT for imports into the EU still needs to be paid.

How can I benefit?

To benefit from reduced or 0% tariffs, products must be of ‘EU origin’. All it takes is a declaration. No formal certificate is required. Simply add the following to your commercial invoice (or any other commercial document) along with a detailed description of the goods as you would usually do:

Sample Statement of Origin:

(Period: from___________ to __________)
 

The exporter of the products covered by this document (customs or competent governmental authorisation No ______) declares that, except where otherwise clearly indicated, these products are of EU preferential origin.

__________________________________
(Place and date)
 

_________________________________
(Signature of the exporter, in addition the name of the person signing the declaration has to be indicated in clear script)

Declarations of origin will be valid for 12 months from the date it was made out for exports to Singapore.

It is essential that the declaration is filled out correctly or it may be rejected by customs. Please consult the official text of the origin declaration, which comes with explanatory notes and is available in all applicable languages.

The customs or competent governmental authorisation No is your Approved Exporter number. It is required for all shipments valued over €6000.

How to get an Approved Exporter number

  • To become an Approved Exporter, get in touch with your national customs authority.

  • For guidance on how to obtain this status in the EU, you can also consult this guide.

To benefit from reduced or 0% tariffs, products must be of ‘Singapore origin’. All it takes is a declaration from the shipper in Singapore. No formal certificate is required. Simply ensure they add the following to their commercial invoice (or any other commercial document):

Sample Statement of Origin:

(Period: from___________ to __________)
 

The exporter of the products covered by this document (customs or competent governmental authorisation No ______) declares that, except where otherwise clearly indicated, these products are of Singapore preferential origin.

__________________________________
(Place and date)
 

_________________________________
(Signature of the exporter, in addition the name of the person signing the declaration has to be indicated in clear script)

Declarations of origin will be valid for 12 months from the date it was made out for exports to the EU.

It is essential that the declaration is filled out correctly or it may be rejected by customs. Please consult the official text of the origin declaration, which comes with explanatory notes and is available in all applicable languages.

For Singapore exporters, the customs or competent governmental authorisation No is the company’s Unique Entity Number. It is provided on registration with the authorities of Singapore and is required for all shipments claiming preferential origin, regardless of value.

How can FedEx help?

* Availability of services and transit times referred to may vary depending on shipment type, origin and destination. Terms and conditions apply – visit fedex.com for full details of our services.

Always make sure to check the rules and regulations of the country you’re shipping from and to prior to shipping. Please review the EU-Singapore Free Trade Agreement for more information.