Singapore’s Bilateral Agreements with Cambodia
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ASEAN – Australia – New Zealand Free Trade Area (AANZFTA)
The AANZFTA eliminates tariffs for 90% of the goods traded between ASEAN, Australia and New Zealand and covers 100% of Singapore’s trade volume with Australia and New Zealand.
It is also ASEAN’s most comprehensive ASEAN-Plus FTA to date, encompassing areas such as intellectual property, competition, and electronic commerce.
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ASEAN – China Free Trade Area (ACFTA)
The ACFTA eliminates tariffs for 94.6% of exports to China that originate from Singapore, safeguards market access and ensures a more predictable operating environment for service suppliers.
It expands market access and improves foreign equity threshold in six of China’s services sectors. The agreement also provides investors and investments with protection by establishing a more transparent, facilitative and secure environment for investors.
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ASEAN Free Trade Area (AFTA)
This covers trade in goods, investment, and services.
Cambodia is a member of the Association of Southeast Asian Nations (ASEAN). The AFTA is part of the Asian Economic Community agreement among the 10 ASEAN countries, including Singapore, and includes the ASEAN Trade in Goods Agreement, which eliminates tariffs for almost all goods and services.
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ASEAN – Hong Kong, China Free Trade Area (AHKFTA)
The AHKFTA reduces technical barriers to trade between ASEAN and Hong Kong.
It increases market access in the architectural, engineering, education and environmental services industries.
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ASEAN – Korea Free Trade Area (AKFTA)
The AKFTA eliminates tariffs for 80% of the goods traded between ASEAN and Korea.
It safeguards market access and ensures a more predictable operating environment for service suppliers by creating a more transparent, facilitative, and secure environment for investors.
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International Investment Agreement (IIA)
IIAs promote and protect investments between two countries.
The IIA promotes greater investment flows between Cambodia and Singapore, and sets out standards of protection for investments made in one country by investors from the other country. -
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.
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Singapore–Cambodia Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.The provisions of the DTA apply to persons who are residents of one or both of the Contracting States. Please refer to IRAS for more information.
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Singapore–Cambodia Mutual Recognition Agreement (MRA)
MRAs reduce barries to trade by easing customs clearance for exports between both countries.
Under the MRA, Cambodia’s Customs Service will recognise goods exported by Singapore’s certified companies under the Secure Trade Partnership programme as being of lower risk. Likewise, Singapore Customs will recognise goods exported by Cambodia’s Authorised Economic Operator companies as being of lower risk.
