Agreement objectives:
aiming at liberalizing trade in goods and services by removing or reducing tariffs and limiting the application of non-tariff measures.
Entry into effect: September 1, 2013
Benefits:
- Liberalize trade in agricultural and industrial goods through the removal or reduction of tariffs.
- Limit the application of non-customs procedures.
- Liberalize trade in services by offering higher commitments than those offered under WTO and limiting restrictions through domestic legislation.
- Enabling service providers and producers from member states to apply for tenders for government procurement. To find out the opportunities and apply for government procurement tenders, visit the following website and create an account: https://www.gebiz.gov.sg.
- Has a dispute resolution procedure.