Singapore-Australia Free Trade Agreement (SAFTA)
The Singapore-Australia Free Trade Agreement (SAFTA) became operational following an exchange of third person notes in Singapore on 28 July 2003.
The agreement further strengthens trade and investment links between Australia and Singapore. In addition to tariff elimination, the agreement improves increased market access for Australian exporters of services, particularly education, environmental, telecommunications, and professional services. It also provides a more open and predictable business environment across a range of areas, including competition policy, government procurement, intellectual property, e-commerce, customs procedures and business travel.
History of the Agreement
SAFTA negotiations were launched following an announcement by both countries at the APEC Leaders' Meeting in November 2000. Ten full rounds of negotiations were held between April 2001 and October 2002.
On 17 February 2003, the Singapore-Australia Free Trade Agreement (SAFTA) was signed. The final agreement was subject to parliamentary consultation processes, and entered into force on 28 July 2003 following an exchange of diplomatic notes.
SAFTA contains specific review provisions. The first ministerial review of SAFTA was held in Sydney on 14 July 2004.
The second ministerial review of SAFTA was concluded on 27 July 2009 in Singapore. Amendments arising from the review are expected to come into effect in early 2010.
Further Information
- Text of the Singapore-Australia Free Trade Agreement (SAFTA)
- Summary of key outcomes for Australia
- The Singapore-Australia Free Trade Agreement: A Business Guide
- Backgrounder on the Singapore-Australia Free Trade Agreement (SAFTA), February 2003
E-mail: trade.consult@dfat.gov.au or
Executive Officer (Singapore)
Malaysia, Brunei, Singapore (MBS) Section
South-East Asia Bilateral Branch
South-East Asia Division
Department of Foreign Affairs and Trade
Tel: (02) 6261 1232
Fax: (02) 6261 1304