Free Trade Agreement Australia Singapore

This agreement is an essential part of Australia`s comprehensive strategic partnership with Singapore. The Singapore-Australia Free Trade Agreement (SAFTA) was signed on 17 February 2003 and provides for the duty-free import of Singaporean products into Australia. The Singapore-Australia Free Trade Agreement (SAFTA), which entered into force in July 2003, is a comprehensive agreement that delivers results for Australia that go beyond the World Trade Organization (WTO) in trade in services, intellectual property, investment and competition policy. The Turnbull government is pursuing an ambitious trade agenda and more free trade agreements as part of our national economic plan for job creation and economic growth. SAFTA provides a wide range of Australian exporters with greater opportunities for goods and services, further strengthens trade and investment relationships, eliminates Singapore tariffs and offers Australian businesses cheaper inputs for a number of products. We are also supporting the exchange of innovations between Australia and Singapore by creating a Landing Pad for Australian entrepreneurs in Singapore`s largest integrated startup, BASH (Startups Build Amazing Here). SAFTA also offers a more open and predictable business environment in a number of areas, including telecommunications regulation, competition policy, government procurement, technical standards, intellectual property, e-commerce, customs procedures and business travel.