EU: Amended “origin protocol” of free trade agreement with Singapore
The decision will enter into force on 1 January 2023.
The decision will enter into force on 1 January 2023.
The European Commission announced that the Committee on Customs of the Free Trade Agreement between the EU and Singapore has adopted a decision amending the “origin protocol” of that free trade agreement.
The decision will enter into force on 1 January 2023.
According to the EC release, the decision covers the following elements:
- Protocol 1 is updated to the 2022 version of the Harmonized System.
- For EU exporters, the system of “approved exporters” is replaced by the system of “registered exporters.” Therefore, importers in Singapore have to claim the tariff preference by means of statements on origin made out by EU registered exporters, indicating their REX number and no longer by means of “origin declarations” indicating an approved exporter authorization number. To facilitate the transition, the decision provides for a transition period so that that Singapore customs will still accept origin declarations made out by EU approved exporters until 31 March 2023.
- The coverage (but not the volumes) of 3 origin quotas for Singapore exports to the EU is extended.
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
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