| Benefits to Singapore Exporters to ASEAN | ||||||||||||
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Singapore exporters to ASEAN will benefit from lower tariff due to AFTA. Singapore exporters are able to export to other ASEAN member economies with most of the tariffs in the region of 0% to 5%. To enjoy the CEPT rates, an exporter has the flexibility to meet the following Rules of Origin (ROO):
Product-Specific Rules (PSRs):
Furthermore, with the announcement of the Priority Integrated Sector initiative for about nine sectors under the goods segment in 2004, an accelerated liberalisation process is being implemented by Member Economies. Hence, more goods will enjoy tariff reduction or elimination. |
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