The key objective of the USSFTA is to facilitate trade by eliminating or reducing tariffs. Singapore exporters can benefit from cost-savings in these key sectors:

Electronics and Information Technology

Precision Instruments

Chemicals and Petrochemicals

Processed Food

Textiles (originating from Singapore / US)

Another benefit is the principle of Outward Processing. It recognises a typical manufacturing pattern practiced in Singapore where the high end or sophisticated processes are carried out in Singapore and the labour intensive areas are outsourced to neighbouring locations to enjoy lower cost production.

Furthermore, the USSFTA has facilitated the removal of non-tariff barriers which will keep cost of doing business low and exports more competitive.