Japan–Singapore Economic Partnership Agreement
The Agreement between Japan and the Republic of Singapore for a New–Age Economic Partnership, also known as the Japan–Singapore Economic Partnership Agreement , was a free trade agreement between Japan and Singapore that was officially signed between Japan’s then Prime Minister Junichiro Koizumi and Singapore’s then Prime Minister Goh Chok Tong in January 2002. As a part of JSEPA, JETRO had signed the memoranda of understanding with International Enterprise Singapore and SPRING Singapore. Under this MOU, JETRO Singapore has committed to promote more trade and investment between the two countries and greater co-operation among small and medium sized enterprises.
This served as Japan's first official economic partnership agreement with another country. It enabled easier freedom of movement of people, goods, services, capital, information, etc. across the border between the two countries, and to strengthen cooperation in economic activities.
It also eliminated all tariffs on exports from Japan to Singapore. Tariffs on imports from Singapore to Japan was also abolished, excluding agricultural products and leather products.
