Singapore’s Bilateral Agreements with Indonesia
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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.
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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.
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ASEAN Free Trade Area (AFTA)
The AFTA covers trade in goods, investment, 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.
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ASEAN – India Free Trade Area (AIFTA)
The AIFTA eliminates tariffs for 75% of goods traded between ASEAN and India.
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ASEAN – Korea Free Trade Area (AKFTA)
The AKFTA eliminates tariffs for 80% of the goods traded between ASEAN and Korea.
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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.
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Singapore–Indonesia Bilateral Investment Treaty (BIT)
BITs aim to promote greater investment flows between two countries by protecting the interests of their investors.
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Singapore–Indonesia Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.