Applicable under the U.S.-Singapore Free Trade Agreement for qualifying goods meeting rules of origin as per Additional U.S. Note 4 and USSFTA provisions.
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Singapore Trade Agreement Enhances Component Trade under HS Code Notes
A recent amendment to the U.S.-Singapore Free Trade Agreement (USSFTA) has streamlined tariff classifications under additional U.S. note 4 for specific components, boosting bilateral trade efficiency.
2023-10-15
Impact: This is expected to reduce customs delays and lower costs for U.S. and Singaporean exporters dealing with components under this HS Code chapter, potentially increasing trade volume by 5% in the next year.
Singaporean Component Exports to U.S. See Growth Under Special Tariff Provisions
Singapore reported a 3% increase in exports of components covered by additional U.S. note 4 to the HS Code chapter, driven by demand in U.S. manufacturing sectors.
2023-09-20
Impact: This growth strengthens Singapore’s position as a key supplier of specialized components to the U.S., potentially encouraging further investment in production capacity.
U.S. Customs Clarifies Documentation for Components Under Note 4 with Singapore
U.S. Customs and Border Protection issued new guidelines for importers of components from Singapore under additional U.S. note 4, focusing on proper documentation to avoid penalties.
2023-08-05
Impact: While this may initially increase compliance costs for importers, it ensures smoother trade flows and reduces risks of shipment delays between the U.S. and Singapore.
Policy Updates
Update to U.S.-Singapore FTA Rules on HS Code Components
The U.S. Trade Representative announced an update to the USSFTA, specifying new eligibility criteria for components under additional U.S. note 4 to ensure fair trade practices and accurate tariff application.
Date: 2023-10-01
Singapore Revises Export Certification for U.S. Tariff Benefits
Singapore’s trade ministry updated certification processes for exporters shipping components to the U.S. under special tariff provisions, aligning with U.S. note 4 requirements to prevent misclassification.
