Today Online | Jun 21, 2012
EU-S’pore FTA talks ’to conclude by end-July’
SINGAPORE — The European Union and Singapore will conclude negotiations on a free trade agreement (FTA) by the end of next month, according to Mr Marc Ungeheuer, ambassador and head of the European Union’s delegation to the Republic, Bloomberg reported.
The discussions are in their "final stages", with issues regarding financial services, legal services, intellectual property rights, investment and rules of origin still to be resolved, Mr Ungeheuer told reporters in Singapore on Thursday.
Inward foreign direct investment stock from Association of South-east Asian Nations into the EU was €71.9 billion (S$115 billion) in 2010, and Singapore accounts for more than 90 per cent of the South-east Asian FDI stock, according to the EU-Singapore Trade and Investment 2012 report released yesterday.