Singapore
The Singaporean government has taken on a very active programme of FTA negotiations, further deepening its position as a business hub of Southeast Asia. It has signed bilateral deals with New Zealand (2000), Japan (2002), EFTA (2002), Australia (2003), the US (2003), Jordan (2004), the quadrilateral Pacific 4 (2005), India (2005), Korea (2005), Panama (2006), Peru (2008), China (2008), Qatar (2008), the Gulf Cooperation Council (2008) and Costa Rica (2010). Negotiations with Mexico, Canada, Colombia, SACU, Egypt, Ukraine, Pakistan and Sri Lanka are ongoing. There has been talk of further FTAs with Iran and Morocco.
Additionally, Singapore is part of the ASEAN bloc which is currently working towards an FTA with the EU, India, and Australia/New Zealand, as well as full implementation of the deal with China.
last update: May 2012
Singapore is speaking with countries on developing further trade deals in the wake of last year’s pact with the European Union.
The Attorney General has informed the Supreme Court that the content of the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) still under the study of the Presidential Committee appointed to review the agreement.
Minister for Trade and Industry Chan Chun Sing warned against reopening negotiations on free trade agreements (FTAs) and implementing inconsistent manpower policies.
Singapore and the Southern Common Market of South America (MERCOSUR) have experienced a delay in their FTA negotiations after Argentina announced its decision to withdraw from ongoing negotiations on potential trade deals.
India and the US could strike a “smaller” trade deal in the coming weeks, India’s ambassador Taranjit Singh Sandhu has said.
A new free trade agreement with Singapore is giving Moscow unprecedented access to Southeast Asian markets.
Singapore said that it is in contact with South American bloc Mercosur after a member state pulled out of talks on new free trade agreements (FTAs) that the group is negotiating beyond the region.
Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.
Britain is looking at the digital economy as an area to strengthen its relationship with Singapore as both sides negotiate a new post-Brexit trade deal.
In late December 2019, Singapore and New Zealand ratified the upgraded Closer Economic Partnership (ANZSCEP) agreement. The agreement came into force on January 1, 2020.
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Singapore’s FTAs website
Singapore’s FTAs website, with documents and news of latest developments.
