Through SAFTA, Singapore and Australia have committed to eliminate tariffs on all Singapore and Australian products. As a result of tariff elimination in SAFTA, all Singapore's products will be able to enjoy zero-tariff treatment upon entry into Australia.

The Rules of Origin (ROO) in SAFTA take into account operational patterns of companies in Singapore, including the shuttling of parts and components to and from Singapore during various stages of production.

The extension to sanitary and phytosanitary measures is significant as Australia is our 2nd largest source of meat and meat products and our 3rd largest source of fruit and vegetables. For cut orchids and other foliage, Australia is our 3rd largest export market, after Japan and US. This will assist trading companies to expand their export and import activities.

Both Customs Administrations have agreed to simplify and improve their clearance procedures. Customs clearance and inspection procedures should be faster and more effective. Traders will benefit from faster turnaround time which would lower compliance costs for Customs regulatory requirements.

The Government Procurement chapter increases the opportunities for Singapore suppliers to participate in procurement by 79 entities in the Australian Commonwealth government.