Pacific Alliance-Singapore Free Trade Agreement (PASFTA)

About this agreement

The Pacific Alliance-Singapore Free Trade Agreement (PASFTA) is a modern and comprehensive agreement that complements Singapore’s network of FTAs and builds on the existing agreements that Singapore has with the Pacific Alliance (PA) countries, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Trans-Pacific Economic Partnership (TPSEP or P4), and the Peru-Singapore Free Trade Agreement (PeSFTA). It is also the first FTA between Singapore and Colombia. The PASFTA will enable Singapore companies to enjoy greater market access to the PA, by reducing their export costs so that their goods and services can be priced more competitively.

The Agreement shall enter into force when Singapore and at least two other signatories ratify the Agreement. The PASFTA was ratified by Singapore in July 2022, and Peru in February 2023. As such, the PASFTA has not yet entered into force. Upon ratification by another PA member state, the Agreement will enter into force for Singapore and each PA member state that ratifies the Agreement in accordance with the conditions set out in Article 25.3 of Chapter 25. Updates on this process will be provided here.

26 January 2022

Signing of the PASFTA at the 16^th PA Summit in Colombia.

Key benefits

Trade in Goods
• Tariff elimination on majority of the tariff lines.
• Improved transparency and smoother processing in customs procedures.
Regional cumulation
• Allows for cumulation, where production undertaken on non-originating materials in a member territory can contribute toward the originating content of a good.
Trade in Services and Investments
• Singapore service providers and investors to be treated as favourably as other service providers and investors present in the PA.
Government Procurement Opportunities
• Singapore companies can bid for the PA’s government procurement projects.
E-commerce
• No customs duties on electronic transmissions.
• Companies which sell products with embedded software are not obliged to release their source code.
International Maritime Transport Services
• Cooperation in maritime activities with the removal of barriers to the supply of maritime transport services.

Eligibility

Use the Tariff Finder to see if your product is eligible to enjoy this FTA's tariff concessions.

Access the Tariff Finder

Alternatively, you can explore the following steps to check your eligibility.

Your product’s preferential rate
Check the preferential rates for your product based on your region:

Chile

Colombia

Mexico

Peru

Singapore

Refer to Annex 3-B “Elimination of Customs Duties” for specifications on the obligations with regard to the elimination, through successive reductions, of Customs duties.

Your product’s rule of origin

Rules of origin are a set of criteria which determine a product's originating status in each respective FTA.

It is put in place to ensure that only goods originating from the FTA partner countries will benefit from tariff concessions.


Is your product obtained/produced entirely within Singapore?		Your product is considered wholly obtained in Singapore

Product Specific Rules apply.



Is your product obtained/produced entirely within Singapore?

	Your product is considered wholly obtained in Singapore

Product Specific Rules apply.

Apply

Under the PASFTA, exporters will simply need to self-certify that the exported product meets the PASFTA rules of origin criteria to qualify for preferential tariff treatment. There is no standardised format for the self-certification; however, certain minimum data requirements identifying the goods must be fulfilled, as detailed in Annex 4-B Minimum Data Requirements.