The Singapore-Australia Free Trade Agreement (SAFTA) has been in effect since July 2003. This agreement aims to promote and enhance the trade relationship between Singapore and Australia by eliminating tariffs and other trade barriers.
The SAFTA has been beneficial for both countries, as it has led to an increase in trade and investment between them. According to the Department of Foreign Affairs and Trade (DFAT), Singapore is Australia`s fifth-largest trading partner and third-largest investment destination in the Asia-Pacific region.
To further facilitate the trading relationship between Singapore and Australia, the SAFTA has provisions on intellectual property, competition policy, and government procurement. These provisions ensure that both countries have a level playing field and can compete fairly in the global market.
If you are interested in learning more about the SAFTA, you can access the full text of the agreement in PDF format. This document outlines the specifics of the agreement, including the rules of origin, customs procedures, and dispute settlement mechanisms.
To access the SAFTA in PDF format, simply search for “Singapore-Australia Free Trade Agreement PDF” on your preferred search engine. You can also visit the DFAT website to download a copy.
Overall, the Singapore-Australia Free Trade Agreement has been a successful partnership between two nations. By promoting free trade and investment, both countries have benefited economically and strengthened their relationship. To stay up to date on the latest developments in this agreement, make sure to regularly check for updates from the DFAT.