The Free Trade Agreement (FTA) between the Republic of Turkey and the Republic of Singapore was signed on 14 November 2015 and entered into force on 1 October 2017.
Turkey’s most comprehensive FTA until now which covers a wide range of areas including goods and services, investment, e-commerce, competition and transparency, is Turkey’s third FTA in Asia-Pacific region after South Korea and Malaysia FTAs.
Tariffs for Turkey’s exporters were eliminated by Singapore immediately after the entry into force of the FTA, while for Singapore's exports, Turkey will eliminate 80 per cent of its tariffs immediately after the entry into force of the FTA. This will increase to 95 per cent of all tariff lines over a period of 10 years