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PANAMA-SINGAPORE
Panama-Singapore FTA&EIA
Interactive trade indicators
Technical notes for performance indicators
Performance Indicators :
Select indicator...
Export Propensity
Export Shares
Export-import coverage
Import Dependence
Import Shares
Normalized Trade Balance
Trade Dependence
Trade Shares
Member Countries
Panama
Singapore
Free Trade Agreement between the Republic of Singapore and the Republic of Panama
Status :
Signed in
2006
.
In force since 2006
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
GATT Art XXIV, GATS Art V
2007
Agreement text :
http://www.fta.gov.sg/fta_psfta.asp?hl=10
Other links :
http://www.sice.oas.org/Trade/PAN_SGP/PAN_SGP_e/Text_e.pdf
WTO consideration process :
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG227/1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
Singapore will provide duty-free access to all Panamania goods upon entry into force of the agreement.
Panama will eliminate tariffs on 98% on Singaporean goods upon entry into force of the agreement
Rules of Origin
Chapter 3
bilateral cumulation
Contingency Measures
Anti - Dumping :
Subject to WTO rules. Article 2.11
Countervailing Duties :
Subject to WTO rules. Article 2.10
Safeguards :
Bilateral Safeguards allowed, with significant stipulations. Article 2.12. Global Safeguards allowed per rights/obligations under GATT. Article 2.13
Standards :
n.a.
Notes:
WTO factual presentation: http://docsonline.wto.org/DDFDocuments/t/WT/REG/227-1.doc
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification 04/04/2007
Consideration Process : Factual Presentation issued
Liberalization Approach
:
Negative Lists
Modes Covered
Cross-border supply (Mode1)
Consumption abroad (Mode2)
Presence of natural persons (Mode4)
Specific Chapters on
Financial services
Movement of natural persons
Other
Annex 10B (Maritime transport services) contains supplementary provisions to this Chapter and provides for additional rights and obligations in relation to maritime transport services between the Parties.
Specific Sectors Excluded
Air transport
Public Sectors carve-out
:
GATS-like (Article I:3(b))
Most Favoured Nation
:
Binding
National Treatment
:
Binding
Market Access
:
Binding
Domestic Regulation
:
Binding but subject to legitimate expectations (GATS-like)
Subsidies covered by services disciplines
:
Not covered
Denial of benefits for commercial presence
:
n.a
Notes
:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
Binding
National Treatment
:
Binding
NT provision applies to entry and establishment rights
Fair and Equitable Treatment
:
Binding
Clarifying text on FET
Expropriation
:
Binding
Clarifying text
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Denial of Benefits
:
Article 9.11 Denial of Benefits Subject to prior notification and consultation, according to the procedures set out in Article 15.3 (Consultations), a Party may deny the benefits of this Chapter to an investor of the other Party that is an enterprise of such other Party and to investments of such an investor where the Party establishes that the enterprise and the enterprise is owned or controlled by persons of a non-Party, or of the denying Party, and has no substantive business operations in the territory of the other Party.
Additional BIT exists between the parties
:
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Article 4.1, 4.2 and 4.3 of the Agreement
Customs valuation :
Yes
Article 4.9 of the Agreement
Trade regulations publication and administration (transparency) :
Yes
Article 4.3, 4.14, 2.14, 14.1 and 14.2 of the Agreement
E-Commerce / Paperless trade :
Yes
Article 4.5of the Agreement
Cooperation in trade facilitation :
No
OTHER AREAS
Government Procurement :
Yes
Chapter 8
Investment :
Yes
Chapter 9
Competition Policy :
Yes
Chapter 7
Intellectual Property :
No
Dispute Settlement :
Yes
Ad-hoc arbitration. Parties cannot block panels. Panelists appointed by WTO if parties fail to appoint.
Labor Mobility :
No
Labor and Environmental Standards :
No
Technical cooperation :
No
Institutional mechanism :
No
Notes:
.
RULES OF ORIGIN
Cumulation
Bilateral
Specific Process
Heading Change
De Minimis
10% fob export value
Minimum Content
-
Drawback
-
Http Link
http://app.fta.gov.sg/data/fta/file/PSFTA_roo_guide.pdf
Notes
-
PANAMA-SINGAPORE
Panama-Singapore FTA&EIA
Member Countries
Panama
Singapore
Total: 2 countries
Free Trade Agreement between the Republic of Singapore and the Republic of Panama
Status :
Signed in
2006
.
In force since
2006
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
GATT Art XXIV, GATS Art V
2007
Agreement text :
http://www.fta.gov.sg/fta_psfta.asp?hl=10
Other links :
http://www.sice.oas.org/Trade/PAN_SGP/PAN_SGP_e/Text_e.pdf
WTO consideration process :
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG227/1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
Singapore will provide duty-free access to all Panamania goods upon entry into force of the agreement.
Panama will eliminate tariffs on 98% on Singaporean goods upon entry into force of the agreement
Rules of Origin
Chapter 3
bilateral cumulation
Contingency Measures
Anti - Dumping :
Subject to WTO rules. Article 2.11
Countervailing Duties :
Subject to WTO rules. Article 2.10
Safeguards :
Bilateral Safeguards allowed, with significant stipulations. Article 2.12. Global Safeguards allowed per rights/obligations under GATT. Article 2.13
Standards :
n.a.
Notes:
WTO factual presentation: http://docsonline.wto.org/DDFDocuments/t/WT/REG/227-1.doc
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification : 04/04/2007
Consideration Process : Factual Presentation issued
Liberalization Approach
:
Negative Lists
Modes Covered
Cross - Border Supply :
Yes
Consumption Abroad :
Yes
Movement of Natural Persons :
Yes
Specific Chapters on
Financial services :
Yes
Movement of natural persons :
Yes
Other :
Yes
Annex 10B (Maritime transport services) contains supplementary provisions to this Chapter and provides for additional rights and obligations in relation to maritime transport services between the Parties.
Specific Sectors Excluded
Air transport :
Yes
Public Sectors carve-out
:
GATS-like (Article I:3(b))
Most Favoured Nation
:
Binding
National Treatment
:
Binding
Market Access
:
Binding
Domestic Regulation
:
Binding but subject to legitimate expectations (GATS-like)
Subsidies covered by services disciplines
:
Not covered
Denial of benefits for commercial presence
:
n.a
Notes:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
Binding
National Treatment
:
Binding
NT provision applies to entry and establishment rights :
Yes
Fair and Equitable Treatment
:
Binding
Clarifying text on FET :
Yes
Expropriation
:
Binding
Clarifying text :
Yes
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Yes
Denial of Benefits
:
Article 9.11 Denial of Benefits Subject to prior notification and consultation, according to the procedures set out in Article 15.3 (Consultations), a Party may deny the benefits of this Chapter to an investor of the other Party that is an enterprise of such other Party and to investments of such an investor where the Party establishes that the enterprise and the enterprise is owned or controlled by persons of a non-Party, or of the denying Party, and has no substantive business operations in the territory of the other Party.
Additional BIT exists between the parties
:
No
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Article 4.1, 4.2 and 4.3 of the Agreement
Customs valuation :
Yes
Article 4.9 of the Agreement
Trade regulations publication and administration :
Yes
Article 4.3, 4.14, 2.14, 14.1 and 14.2 of the Agreement
Use of ICT :
Yes
Article 4.5of the Agreement
Mobility of business people :
No
Freedom of transit :
No
Transport and logistics :
No
Trade finance :
No
OTHER AREAS
Government Procurement :
Yes
Chapter 8
Investment :
Yes
Chapter 9
Competition Policy :
Yes
Chapter 7
Intellectual Property :
No
Dispute Settlement :
Yes
Ad-hoc arbitration. Parties cannot block panels. Panelists appointed by WTO if parties fail to appoint.
Labor Mobility :
No
Labor and Environmental Standards :
No
Technical cooperation :
No
Institutional mechanism :
No
Notes:
.
RULES OF ORIGIN
Cumulation
Bilateral
Specific Process
Heading Change
De Minimis
10% fob export value
Minimum Content
-
Drawback
-
Http Link
http://app.fta.gov.sg/data/fta/file/PSFTA_roo_guide.pdf
Notes
-
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