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PERU-SINGAPORE
Peru-Singapore FTA&EIA
Interactive trade indicators
Technical notes for performance indicators
Performance Indicators :
No indicator available
Member Countries
Peru
Singapore
Peru-Singapore Free Trade Agreement
Status :
Signed in
2008
.
In force since 2009
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
GATT Art XXIV, GATS Art V
2009
Agreement text :
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/index_e.asp
Other links :
http://www.fta.gov.sg/fta_pesfta.asp?hl=39
WTO consideration process :
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG269/1/Rev.1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
About 87% of Singapore's exports will face no tariffs in Peru. Other tariffs wil be phased out in 10 years after FTA's comes into force. No export taxes.
Special Agricultural Measures in Chapter 3; Annex 3A on Criteria and Annex 3B has list of prioducts subject to SAM
Annex 2A gives Peru Tariff Schedule and Annex 2B Singapore Tariff Schedule
Rules of Origin
Chapter 4; Annex 4A on Product specific rules and Annex $B on Remanufactured goods
Contingency Measures
Anti - Dumping :
Article 2.14 refers to GATT
Countervailing Duties :
Article 2.15 refers to Agreement on Subsidies and Countervailing Measures (WTO)
Safeguards :
Chapter 8
Standards :
Chapter 6 on SPS and Chapter 7 on TBT
Notes:
Negotiation started 2004. "Pisco", "Maiz Blanco Gigante Cusco" and "Chulucanas" recognized as Peru's geographical indications in Singapore (in accordance with Singapore domestic laws).
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification 30/07/2009
Consideration Process : Under Consideration
Liberalization Approach
:
Negative Lists
Modes Covered
Cross-border supply (Mode1)
Consumption abroad (Mode2)
Presence of natural persons (Mode4)
Specific Chapters on
Movement of natural persons
Professional services
Specific Sectors Excluded
Financial services
Air transport
Public Sectors carve-out
:
GATS-like (Article I:3(b))
Most Favoured Nation
:
Binding
National Treatment
:
Binding
Market Access
:
Binding
Domestic Regulation
:
Non-binding (NAFTA-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 10.15 Denial of Benefits Subject to prior notification and consultation according to the procedures set out in Article 17.4 (Consultations), a Party may deny the benefits of this Chapter to an investor of the other Party that is an enterprise of such Party and to investments of such an investor where the Party establishes that 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: Superseded by PTA
BIT list II :
Status: Superseded by PTA
Notes
:
Article 10.18 Public Debt 1. The Parties recognize that the purchase of debt issued by a party entails commercial risk. For greater certainty, no award may be made in favour of a disputing investor for a claim with respect to default or non-payment of debt issued by a Party unless the disputing investor meets its burden of proving that such default or non-payment constitutes an uncompensated expropriation for purposes of Article 10.10 (Expropriation and Nationalisation) or a breach of any other obligation under this Chapter.
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Chapter 5
Customs valuation :
No
Trade regulations publication and administration (transparency) :
Yes
Article 5.1
E-Commerce / Paperless trade :
Yes
Article 5.3, Chpater 13 on Electronic Commerce
Cooperation in trade facilitation :
No
OTHER AREAS
Government Procurement :
Yes
Chapter 9
Investment :
Yes
Chapter 10 replaces current Bilateral Investment Treaty.
Competition Policy :
Yes
Chapter 14
Intellectual Property :
Yes
Associated with the geographical indications
Dispute Settlement :
Yes
Chapter 17
Labor Mobility :
No
Labor and Environmental Standards :
Yes
Environmental consideration in Chapter 6 (Sanitary and Phytosanitary Measures), Chapter 7 (Technical Barriers to Trade), Chapter 7 (Investment), Chapter 18 (Exceptions)
Technical cooperation :
No
Institutional mechanism :
Yes
Chapter 16 on the Administration of the Agreement
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/04a_productspecificrules.pdf
Heading Change
n.a.
De Minimis
Article 4.7 (10 per cent)
Minimum Content
Article 4.3 on minimal operations
Drawback
n.a.
Http Link
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/04_rulesoforigin.pdf
Notes
PERU-SINGAPORE
Peru-Singapore FTA&EIA
Member Countries
Peru
Singapore
Total: 2 countries
Peru-Singapore Free Trade Agreement
Status :
Signed in
2008
.
In force since
2009
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
GATT Art XXIV, GATS Art V
2009
Agreement text :
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/index_e.asp
Other links :
http://www.fta.gov.sg/fta_pesfta.asp?hl=39
WTO consideration process :
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG269/1/Rev.1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
About 87% of Singapore's exports will face no tariffs in Peru. Other tariffs wil be phased out in 10 years after FTA's comes into force. No export taxes.
Special Agricultural Measures in Chapter 3; Annex 3A on Criteria and Annex 3B has list of prioducts subject to SAM
Annex 2A gives Peru Tariff Schedule and Annex 2B Singapore Tariff Schedule
Rules of Origin
Chapter 4; Annex 4A on Product specific rules and Annex $B on Remanufactured goods
Contingency Measures
Anti - Dumping :
Article 2.14 refers to GATT
Countervailing Duties :
Article 2.15 refers to Agreement on Subsidies and Countervailing Measures (WTO)
Safeguards :
Chapter 8
Standards :
Chapter 6 on SPS and Chapter 7 on TBT
Notes:
Negotiation started 2004. "Pisco", "Maiz Blanco Gigante Cusco" and "Chulucanas" recognized as Peru's geographical indications in Singapore (in accordance with Singapore domestic laws).
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification : 30/07/2009
Consideration Process : Under Consideration
Liberalization Approach
:
Negative Lists
Modes Covered
Cross - Border Supply :
Yes
Consumption Abroad :
Yes
Movement of Natural Persons :
Yes
Specific Chapters on
Movement of natural persons :
Yes
Professional services :
Yes
Specific Sectors Excluded
Financial services :
Yes
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
:
Non-binding (NAFTA-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 10.15 Denial of Benefits Subject to prior notification and consultation according to the procedures set out in Article 17.4 (Consultations), a Party may deny the benefits of this Chapter to an investor of the other Party that is an enterprise of such Party and to investments of such an investor where the Party establishes that 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
:
Yes
BIT list I :
Status: Superseded by PTA
BIT list II :
Status: Superseded by PTA
Notes
:
Article 10.18 Public Debt 1. The Parties recognize that the purchase of debt issued by a party entails commercial risk. For greater certainty, no award may be made in favour of a disputing investor for a claim with respect to default or non-payment of debt issued by a Party unless the disputing investor meets its burden of proving that such default or non-payment constitutes an uncompensated expropriation for purposes of Article 10.10 (Expropriation and Nationalisation) or a breach of any other obligation under this Chapter.
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Chapter 5
Customs valuation :
No
Trade regulations publication and administration :
Yes
Article 5.1
Use of ICT :
Yes
Article 5.3, Chpater 13 on Electronic Commerce
Mobility of business people :
Yes
Chapter 12 on Temporary Entry of Business Persons
Freedom of transit :
No
Transport and logistics :
No
Trade finance :
No
OTHER AREAS
Government Procurement :
Yes
Chapter 9
Investment :
Yes
Chapter 10 replaces current Bilateral Investment Treaty.
Competition Policy :
Yes
Chapter 14
Intellectual Property :
Yes
Associated with the geographical indications
Dispute Settlement :
Yes
Chapter 17
Labor Mobility :
No
Labor and Environmental Standards :
Yes
Environmental consideration in Chapter 6 (Sanitary and Phytosanitary Measures), Chapter 7 (Technical Barriers to Trade), Chapter 7 (Investment), Chapter 18 (Exceptions)
Technical cooperation :
No
Institutional mechanism :
Yes
Chapter 16 on the Administration of the Agreement
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/04a_productspecificrules.pdf
Heading Change
n.a.
De Minimis
Article 4.7 (10 per cent)
Minimum Content
Article 4.3 on minimal operations
Drawback
n.a.
Http Link
http://www.sice.oas.org/TPD/PER_SGP/Final_Texts_PER_SGP_e/04_rulesoforigin.pdf
Notes
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