The Trade in Goods Chapter provides for comprehensive tariff elimination that will reduce cost burdens for Singapore businesses exporting to Peru. The provisions of this Chapter concerning the elimination of customs duties on imports shall apply to goods originating in Peru and Singapore.

Peru shall progressively eliminate its customs duties on originating goods in accordance with Annex 2A (Peru Tariff Schedule) with exceptions provided for in this agreement.

Based on request, Peru and Singapore shall consult to consider accelerating the elimination of customs duties on originating goods as set out in Annex 2A (Peru Tariff Schedule) and Annex 2B (Singapore Tariff Schedule) or incorporating into the  schedule, goods that are not subject to the elimination schedule.