​EUROPEAN UNION-SINGAPORE FREE TRADE AGREEMENT MOVES ONE STEP CLOSER TO RATIFICATION

1.          The European Union (EU)-Singapore Free Trade Agreement (EUSFTA) has moved one step closer to ratification with the finalisation of the legal text today. The legal text of the Agreement was initialled by Chief Negotiators from Singapore and the European Union (EU), Mr Keith Tan and Mr Rupert Schlegelmilch. This is a significant milestone for Singapore and the European Union, in deepening the Singapore and EU bilateral and economic relations.

2          The EUSFTA is a comprehensive agreement with extensive commitments by EU and Singapore to provide even greater access to both markets. It is the first bilateral Agreement concluded by the EU with an ASEAN country and the second Agreement between the EU and an Asian country, after South Korea.

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