L.1-Singapore OverviewSingapore Overview
General InformationThe U.S.-Singapore FTA has helped increase U.S. exports, improve U.S. competitiveness around the globe, secure a U.S. presence in Southeast Asia, and provide a standard of free trade that encourages a high level of liberalization. Doing business in Singapore has become even easier, faster, cheaper, and more transparent. The FTA has given U.S. businesses and exporters even more access to one of the world’s biggest markets.
Besides binding all Singapore tariffs for U.S. goods at zero, the FTA has increased export opportunities for certain U.S. manufacturing sectors, including those that produce medical instruments and equipment, microelectronics, photo equipment, certain textiles, pharmaceuticals, and chemicals.
Singapore also has accorded substantial access to its services and investment market, with few exceptions. It also has increased government procurement opportunities and protection of intellectual property. Furthermore, the FTA provided for groundbreaking cooperation in promoting labor rights and the environment.
In 2015, $28.5 billion in goods and $14.4 billion in services were exported from the United States to Singapore. The principal U.S. exports to Singapore were in the sectors of chemicals, information and communication technologies, machinery, health products and high tech instruments.
- Text of U.S. – Singapore FTA
- USTR Fact Sheet
- U.S. Commercial Service Singapore Website
- Textile, Apparel, Footwear, Leather and Travel Goods Information
- USTR Overview
- USDA Overview
Singapore Free Trade Agreements