Singapore Issues Guidance for Exporters, Importers Under EU-Singapore Trade Deal

Singapore Customs issued Nov. 18 circulars on how importers and exporters can benefit from preferential treatment under the European Union-Singapore Free Trade Agreement, which will take effect Nov. 21. The exporting guide covers new rules of origin under the EUSFTA, customs documentation procedures and record-keeping requirements. The importing guide covers which goods will be subject to preferential tariff rates and procedures for claiming those tariff rates, as well as customs procedures and record-keeping requirements.