Singapore’s Bilateral Agreements with Japan
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ASEAN – Japan Comprehensive Economic Partnership (AJCEP)
The AJCEP covers trade in goods, trade in services, investment, and economic cooperation.
It eliminates tariffs for 84.5% of all tariff lines for Singapore’s originating exports to Japan.
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Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The CPTPP eliminates tariffs for 94% of Singapore’s exports to CPTPP markets.
Key benefits of the CPTPP include tariff elimination, trade facilitative Rules of Origin, greater access to services sectors, investment protection and guarantees, more opportunities in government procurement and a facilitative framework for the digital economy.
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Japan–Singapore Economic Partnership Agreement
Free Trade Agreements are treaties which make trade and investment between two or more economies easier.
The bilateral Japan–Singapore Economic Partnership Agreement (JSEPA) signed between Japan and Singapore enhances Singapore-based companies' access to the vast Japanese market and boosts bilateral trade and investment.
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Regional Comprehensive Economic Partnership (RCEP)
The RCEP Agreement builds on existing bilateral agreements that ASEAN has with its free trade partners.
It is the world’s largest FTA, comprising about 30% of global GDP and about a third of the world’s population.
