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SINGAPORE-COSTA RICA
Singapore-Costa Rica 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
Costa Rica
Singapore
Singapore-Costa Rica Free Trade Agreement
Status :
Signed in
2010
.
Pending country ratification
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
early announcement
Agreement text :
http://www.fta.gov.sg/fta_C_crsfta.asp?hl=32
Other links :
http://www.sice.oas.org/Trade/CRI_SGP_FTA/Text_Apr2010_e/CRI_SGP_ToC_e.asp
WTO consideration process :
GOODS
Tariffs
Costa Rica will eliminate customs duties for 90.6% of its tarrif lines upon entry into force of the agreement, and the remaining will be eliminated over 10 year period
Singapore will grant Costa Rica immediate duty free acess for all imports upon entry into force of the agreement.
negative list
Rules of Origin
Chapter 1 Article 2.4: provisions of this Chapter shall apply to goods originating in the territories of the parties
See Chapter 3
Contingency Measures
Anti - Dumping :
Chapter 1 Article 2.8: must be pursuant to domestic law and consistent with Chapter 7
Countervailing Duties :
Chapter 1 Article 2.8: must be pursuant to domestic law and consistent with Chapter 7
Safeguards :
n/a
Standards :
Notes:
SERVICES
WTO Notification (GATS Art. V)
:
Not Notified
Date of notification
Consideration Process : Not Considered
Liberalization Approach
:
Negative Lists
Modes Covered
Cross-border supply (Mode1)
Consumption abroad (Mode2)
Commercial presence (Mode3)
Specific Chapters on
Telecommunications
Specific Sectors Excluded
Financial services
Air transport
Public Sectors carve-out
:
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
:
Chapter 10, Article 10.12: may deny if service provider of other Party is owned/controlled by persons of a non-Party and the enterprise has no substantive operations in the territory of the Party
Notes
:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
Binding
National Treatment
:
Binding
Fair and Equitable Treatment
:
Binding
Clarifying text on FET
Article 11.6: in accordance with customary international law
Expropriation
:
Binding
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Denial of Benefits
:
Chapter 11: may deny if investor of other Party is owned/controlled by persons of a non-Party and the enterprise has no substantive operations in the territory of the Party. Article 11.14
Additional BIT exists between the parties
:
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Does not apply to Financial Services, except for certain provisions. See Chapter 11, Article 11.3. Investor-State arbitration only for breaches of expropriation and nationalization, transfers, and denial of benefits.
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Chapter 4
Customs valuation :
Yes
Chapter 4
Trade regulations publication and administration (transparency) :
No
E-Commerce / Paperless trade :
No
Cooperation in trade facilitation :
No
OTHER AREAS
Government Procurement :
Yes
Chapter 8
Investment :
Yes
Chapter 11
Competition Policy :
Yes
Chapter 9
Intellectual Property :
Yes
Chapter 13 TRIPS-like
Dispute Settlement :
Yes
Chapter 17
Labor Mobility :
No
Labor and Environmental Standards :
Yes
Article 14.8: agree to cooperate in promotion of green markets, clean technologies, and sustainable environmental management.
Technical cooperation :
Yes
Chapter 14, Article 14.4: parties shall consider the access to and transfer of knowledge and technology between them.
Institutional mechanism :
Yes
Parties establish the Free Trade Commission. Chapter 16
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
see Annex 3.1
Heading Change
n/a
De Minimis
value of non-originating materials must be less than 10% FOB value. Chapter 3, Article 3.8
Minimum Content
35%, or product specific rules in Annex 3.1
Drawback
Http Link
http://www.fta.gov.sg/scrfta/annex_3.1_exceptions_for_the_general_roo_under_article_3.5.pdf
Notes
SINGAPORE-COSTA RICA
Singapore-Costa Rica FTA&EIA
Member Countries
Costa Rica
Singapore
Total: 2 countries
Singapore-Costa Rica Free Trade Agreement
Status :
Signed in
2010
.
Pending country ratification
Scope :
Bilateral
Type :
FTA & EIA
WTO Notification :
early announcement
Agreement text :
http://www.fta.gov.sg/fta_C_crsfta.asp?hl=32
Other links :
http://www.sice.oas.org/Trade/CRI_SGP_FTA/Text_Apr2010_e/CRI_SGP_ToC_e.asp
WTO consideration process :
GOODS
Tariffs
Costa Rica will eliminate customs duties for 90.6% of its tarrif lines upon entry into force of the agreement, and the remaining will be eliminated over 10 year period
Singapore will grant Costa Rica immediate duty free acess for all imports upon entry into force of the agreement.
negative list
Rules of Origin
Chapter 1 Article 2.4: provisions of this Chapter shall apply to goods originating in the territories of the parties
See Chapter 3
Contingency Measures
Anti - Dumping :
Chapter 1 Article 2.8: must be pursuant to domestic law and consistent with Chapter 7
Countervailing Duties :
Chapter 1 Article 2.8: must be pursuant to domestic law and consistent with Chapter 7
Safeguards :
n/a
Standards :
Notes:
SERVICES
WTO Notification (GATS Art. V)
:
Not Notified
Date of notification :
Consideration Process : Not Considered
Liberalization Approach
:
Negative Lists
Modes Covered
Cross - Border Supply :
Yes
Consumption Abroad :
Yes
Commercial Presence Abroad :
Yes
Specific Chapters on
Telecommunications :
Yes
Specific Sectors Excluded
Financial services :
Yes
Air transport :
Yes
Public Sectors carve-out
:
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
:
Chapter 10, Article 10.12: may deny if service provider of other Party is owned/controlled by persons of a non-Party and the enterprise has no substantive operations in the territory of the Party
Notes:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
Binding
National Treatment
:
Binding
Fair and Equitable Treatment
:
Binding
Clarifying text on FET :
Yes
Article 11.6: in accordance with customary international law
Expropriation
:
Binding
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Yes
Denial of Benefits
:
Chapter 11: may deny if investor of other Party is owned/controlled by persons of a non-Party and the enterprise has no substantive operations in the territory of the Party. Article 11.14
Additional BIT exists between the parties
:
No
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Does not apply to Financial Services, except for certain provisions. See Chapter 11, Article 11.3. Investor-State arbitration only for breaches of expropriation and nationalization, transfers, and denial of benefits.
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Chapter 4
Customs valuation :
Yes
Chapter 4
Trade regulations publication and administration :
No
Use of ICT :
No
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 11
Competition Policy :
Yes
Chapter 9
Intellectual Property :
Yes
Chapter 13 TRIPS-like
Dispute Settlement :
Yes
Chapter 17
Labor Mobility :
No
Labor and Environmental Standards :
Yes
Article 14.8: agree to cooperate in promotion of green markets, clean technologies, and sustainable environmental management.
Technical cooperation :
Yes
Chapter 14, Article 14.4: parties shall consider the access to and transfer of knowledge and technology between them.
Institutional mechanism :
Yes
Parties establish the Free Trade Commission. Chapter 16
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
see Annex 3.1
Heading Change
n/a
De Minimis
value of non-originating materials must be less than 10% FOB value. Chapter 3, Article 3.8
Minimum Content
35%, or product specific rules in Annex 3.1
Drawback
Http Link
http://www.fta.gov.sg/scrfta/annex_3.1_exceptions_for_the_general_roo_under_article_3.5.pdf
Notes
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