| Benefits to Singapore Exporters | ||
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Under AJCEP, Singapore based exporters could benefit from reduced tariff concessions. Based on Singapore's top 200 products traded with Japan, tariffs on 173 products, accounting for 91% of Singapore’s total trade volume with Japan, will undergo tariff elimination immediately upon entry into force of the Agreement. The agreement will benefit exporters with wider sourcing base in the region. Furthermore, exporters could take advantage of the regional cumulative content to meet the rules of origin. This will create better export opportunities for Singapore exporters. |
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