Benefits to Singapore Exporters to ASEAN  
     
 

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):

i.  Wholly produced or obtained in the exporting country or; 
ii.  At least 40% single country content or; 
iii.  At least 40% ASEAN cumulative content or; 

Product-Specific Rules (PSRs):

iv.  Processing rules for textiles and textile products or; 
v.  Change in tariff classification for wheat flour, wood-based products, aluminum products, iron and steel products and priority sector products. 

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.