European Union, Singapore Complete Free Trade Pact Negotiations
This article is for subscribers only.
The European Union and Singapore concluded negotiations on a free-trade agreement after almost three years of talks, boosting the bloc’s efforts to increase commerce with Asian nations to revive economic growth.
The EU will eliminate tariffs on all imports from Singapore over five years, while the island will allow duty-free access for all incoming shipments from the region immediately, the city’s Ministry of Trade and Industry said in a statement today. The deal will help companies from both signatories to bid for government contracts in the other’s market.