Monday, 23 April 2018 10:33

Ratification of the EU-Singapore FTA is moving forward

The Free Trade Agreement between European Union and Singapore (EUSFTA) will soon be approved by the Council of Ministers and ratified by the European Parliament. The aim is for the EUSFTA to come into force before the European Commission's mandate ends in 2019.

The EUSFTA aims to provide opportunities for consumers and producers by eliminating customs duties on qualifying goods. Services providers, investors and companies will also be allowed greater protection and access to each other’s markets, including in the area of public procurement.
With this agreement, the EU has made an important stride towards setting high standards and rules for the important and fast-growing Southeast Asian Region.

Here is an in depth article about the “important step” in the ratification process of the trade pact welcomed by Singapore.
https://www.channelnewsasia.com/news/singapore/singapore-welcomes-important-step-in-ratification-of-fta-with-eu-10158418

For more details or specific enquiries email our Singapore consultants at This email address is being protected from spambots. You need JavaScript enabled to view it. 

Related items

  • Globalization: What is it and its benefits on the world’s economies.

    What is Globalization?

    The process by which businesses or other organizations develop international influence or start operating on an international scale.

    Investopedia defines globalization as the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.

  • UK Prepared for all scenarios of Brexit

    Organizations in the United Kingdom are being notified of regulations that will come into effect in the event of a ‘No Deal Brexit’. Companies House sent out notifications to all European Economic Area (EEA) companies registered informing them of additional details they would need to submit to the Registrar in the event of a No Deal Brexit.

  • The World’s Economy is proving to be quite uncertain, but in the midst of uncertainty Singapore is confident of it’s future

    Singapore's Prime Minister, Lee Hsien Loong was very optimistic in his New Year’s message, about the future of the country’s economy, as numbers show that it rose by 3.3%. You would think this isn’t a significant rise but as per forecasts this this growth surpassed expectations.

    He said the economy is expected to grow by between 1.5 per cent and 3.5 per cent this year, but warned that the global economy faces major uncertainties with growing trade conflicts, nervous financial markets and signs of slowing growth.