Singapore Imports: ASEAN vs. Non-ASEAN Duty (30-50% Cost Difference)
Buy textiles from Vietnam (ASEAN): SGD 100 fabric → SGD 100 cost (0% duty via AFTA). Buy same from Bangladesh (non-ASEAN): SGD 100 → SGD 130 (30% duty). Supplier choice determines margin 15-30%. AskBiz compares landed cost by origin.
Singapore Trade Agreements#
(1) ASEAN Free Trade Area (AFTA): 0% duty between members. (2) CPTPP (with Vietnam, Malaysia, Thailand, etc.): 0-5% duties. (3) Non-ASEAN: China, India 0-30% duties depending on product.
The Supplier Choice Impact#
Retail importer buying SGD 50K fabric: (1) Thailand supplier (ASEAN): SGD 50K cost. (2) India supplier (non-ASEAN): SGD 50K + 15% duty = SGD 57.5K. (3) Vietnam supplier (ASEAN+CPTPP): SGD 50K cost. Vietnam wins by 15% vs. India.
Input supplier country and product.
AskBiz Trade Agreement Lookup#
Input supplier country and product. AskBiz checks applicable duty rate. "Vietnam fabric: 0% (ASEAN). India fabric: 15%. Choose Vietnam supplier to save 15%."
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- Buy textiles from Vietnam (ASEAN): SGD 100 fabric → SGD 100 cost (0% duty via AFTA).
- Buy same from Bangladesh (non-ASEAN): SGD 100 → SGD 130 (30% duty).
- Supplier choice determines margin 15-30%.
People also ask
How do I claim duty exemption?
Import via customs declaration. Provide certificate of origin (from supplier). Exemption applied at port.
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Optimize Supplier Choice (Save 10-30% on Imports)
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