Following his meeting with Lee Hsien Loong, prime minister of Singapore, European Commission President José Manuel Barroso confirmed that the ongoing negotiations on a free trade agreement (FTA) with the Asian country are on track and “can be finalised successfully very soon”.
China is key to Singapore diversifying its risks in an uncertain global economy, and that is why the Republic also supports China's intention to promote the use of the yuan in the global market, said Deputy Prime Minister Teo Chee Hean yesterday.
Singapore is set to be the first country in the world to have a Free Trade Agreement (FTA) with the European Union (EU), that will promote the green technology sector.
The European Union (EU) may look into the possibility of allowing Myanmar to join its Association of South-East Asian Nations (Asean) peers to negotiate for a free trade agreement (FTA).
The EU-Singapore Free Trade Agreement (FTA) discussions is anticipated to conclude over the next few months and will come into effect by the second-half of 2012, says Chief European Union Negotiator Rupert Schlegelmilch.
Trade and Industry Minister Lim Hng Kiang said Singapore's negotiations for Free Trade Agreements with the European Union and the nine-member Trans-Pacific Partnership (TPP) are progressing well since talks began last year.
Taiwan and Singapore will begin formal negotiations on a free trade agreement early next year after completing feasibility studies, representatives of both governments announced in a joint press release Wednesday.