The EU Council on 8 November 2019 approved the EU-Singapore free trade agreement that will enter into force on 21 November 2019.
Under the free trade agreement:
To benefit from preferential treatment under the EU-Singapore free trade agreement, there must be compliance with the conditions and procedures for establishing the origin of goods. The rules of origin are an integral and important part of the free trade agreement, and are used as a means to determine whether the goods are eligible for preferential treatment. The rules of origin are product-specific, meaning that the criteria for determining whether a product qualifies for preferential tariff treatment differ from product to product.
The EU-Singapore free trade agreement also:
All these instruments will provide companies with greater flexibility in establishing origin and thus help them to further optimize their supply chain operations.
Read a November 2019 report prepared by the KPMG member firm in the Netherlands
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