The Trade in Goods Chapter provides for comprehensive tariff elimination that will reduce cost burdens for Singapore businesses exporting to the Japanese market. Savings from these preferential tariff concessions will make Singapore exports more competitive vis-à-vis other foreign exports to Japan. This will allow Singapore exporters to strengthen current market shares in Japan and will also create new opportunities for producers intending to penetrate the Japanese market. In the long run, such cost incentives will likely attract more businesses to site their operations in Singapore so as to tap on the preferential concessions from the FTA.

The rules are based on WTO disciplines and serve to eradicate barriers to trade in goods. Specifically, the Chapter commits both countries to grant preferential tariff free market access to an extensive range of products. It also provides for possible acceleration of tariff elimination or inclusion of additional products for tariff elimination in the future.