Shift Trade Agreement

Assuming that the full test kit would be classified in sub-position 9030.40, the introduced item would be classified as HTS 9030.90.8840. Therefore, the tariff deferral rule for the rate transfer is: “Change of subheadings 9030.10 to 9030.90 of any other sub-position, including another subheading within that group.” With regard to the tariff transfer rule in Essfta, GN 25 b) (iii) refers to goods that… In order for an item to be significantly redeveloped for tariff purposes, you must be able to prove that there is a new item. The traditional criterion was a change in name, character and use. But this traditional process could give rise to subjective decisions or disputes over whether trade views old and new forms as separate articles. Now that we have the rule, we turn to plastic boxes imported from China to make the part. It is possible that at the time of its importation, the plastic case could be classified as 9030.90, because in its condition, as imported into China, it was intended to be used (according to strict specifications, pre-drilled holes, etc.) with the part. Therefore, there would be no rate change. The plastic case must be reclassified to the same sub-position (9030.90).

In this scenario, the imported item would not be eligible for SFTA benefits. But let`s change the facts a little bit. Suppose the plastic case is not ready for use when imported from China. Suppose it requires thorough processing or is imported to Singapore in the form of extruded plastic plates. The same analysis would result in a different result, as the price classification of plastics differs from Chapter 39 (perhaps sub-positions 3920.10 or 3926.90) and one of these sub-positions would differ from sub-position 9030.90. The imported item could benefit from the SFTA benefits. The TPP was negotiated between 12 economically different countries, including some of the most developed and richest countries (for example. B the United States, Japan, Australia, Canada, New Zealand and Singapore), some emerging countries (i.e. Mexico and Malaysia) and some less developed countries (e.g.

B Peru, Chile and Vietnam). A new paradigm that has been created in this context is that countries with very different economic developments can effectively agree on a number of very high standards to regulate their economic activities, liberalize their trade and protect intellectual property and foreign investment. The content of the TPP also reflects its status as a “new paradigm” as a “21st century trade agreement” and a pioneer of the rule of law in many important regulatory areas. This is not only about improving and improving rules on traditional issues already covered by the WTO, such as goods, services and intellectual property rights, but also about carefully crafted rules in areas that have never been dealt with in the WTO or that have been comprehensively addressed in other free trade agreements, such as state-owned enterprises. , e-commerce and work and environmental issues.