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Table 3.12: Features of the <strong>China</strong>-Singapore FTA<br />
Parties<br />
<strong>China</strong> , Singapore<br />
Date of Signature 23 October 2008<br />
Date of Entry into 1 January 2009<br />
Force<br />
Full<br />
2010<br />
Implementati<strong>on</strong><br />
Negative List The tariff lines that are subject to the tariff reducti<strong>on</strong> or eliminati<strong>on</strong> will be<br />
eliminated by 2010.<br />
Rules of Origin • Products must be wholly obtained or produced in Singapore.<br />
(ROO)<br />
• Local Value Additi<strong>on</strong> –40% of total c<strong>on</strong>tent.<br />
Requirements • Regi<strong>on</strong>al Value C<strong>on</strong>tent (RVC) criteri<strong>on</strong> or value of the n<strong>on</strong>-originating parts or<br />
comp<strong>on</strong>ents used in the manufacture of the products must be no more than<br />
60% of the FOB value of the product.<br />
• The country of origin is defined as the country where the last processing<br />
operati<strong>on</strong> takes place.<br />
• Product Specific Rules, Process Criteri<strong>on</strong> for Textile and Textile ProductsGoods<br />
must meet the direct transport rule.<br />
Experiences (i.e. • Standards: Chapter 7 : TBT and SPS; The Parties shall use internati<strong>on</strong>al<br />
NTBs)<br />
standards; The Parties hereby establish the Joint Working Group <strong>on</strong> TBT and SPS<br />
• Anti - Dumping: Chapter 6; Article 40: Allowed as per WTO/GATT<br />
• Countervailing Duties: Chapter 6; Article 41; Not allowed<br />
• Safeguards: Chapter 6; Article 43: Allowed within the transiti<strong>on</strong> period<br />
• Customs procedures: Chapter 5<br />
• Investment: Article 84, Chapter 10<br />
• Competiti<strong>on</strong> Policy: Article 69. Chapter 8, Each Party shall ensure that any<br />
m<strong>on</strong>opoly supplier of a service in its territory does not, in the supply of the<br />
m<strong>on</strong>opoly service supplier in its territory does not act in a manner inc<strong>on</strong>sistent<br />
with that Party's specific commitments.<br />
• Dispute Settlement: Chapter 12 and Annex 7 <strong>on</strong> Rules and procedures for<br />
Arbitral proceedings<br />
• Technical cooperati<strong>on</strong>: Chapter 11 <strong>on</strong> Ec<strong>on</strong>omic Cooperati<strong>on</strong><br />
• Instituti<strong>on</strong>al mechanism: Article 68, Chapter 8: Joint Committee <strong>on</strong> Recogniti<strong>on</strong><br />
Co-operati<strong>on</strong>. Article 111 Chapter 14: The Parties shall establish an FTA Joint<br />
Relevant<br />
websites<br />
Committee.<br />
• http://www.mofcom.gov.cn/<br />
• http://www.iesingapore.gov.sg/<br />
Sources: http://rtais.wto.org/UI/PublicShowMemberRTAIDCard.aspx?rtaid=8<br />
http://artnet.unescap.org/APTIAD/viewagreement.aspx?id=CHINA-SINGAPORE<br />
Rules of Origin:<br />
Rules of origin criteria as per the <strong>Agreement</strong> are domestic value additi<strong>on</strong> and RVC. While the local<br />
value additi<strong>on</strong> requirement is 40 per cent of total c<strong>on</strong>tent the RVC requirement is 60 per cent of the<br />
FOB value of the product. Product Specific Rules, Process Criteri<strong>on</strong> for Textile and Textile<br />
ProductsGoods must meet the direct transport rule.<br />
Other Provisi<strong>on</strong>s:<br />
Singapore and <strong>China</strong> have also agreed up<strong>on</strong> not maintaining any quantitative restricti<strong>on</strong>s at any time<br />
unless otherwise permitted under the WTO disciplines. They have also decided not to adopt or<br />
maintain any n<strong>on</strong>-tariff measures <strong>on</strong> the importati<strong>on</strong> of any good of the other market or <strong>on</strong> the<br />
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