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 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.
A free trade deal between Singapore and the European Union will continue to apply to Britain during its 11-month Brexit transition period starting on Saturday, the Ministry of Trade and Industry..
Singapore, Chile and New Zealand concluded talks on an agreement over a common set of rules, standards and guidelines for global digital trade and commerce.
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.
This level of annual spike in imports from Singapore has been unheard of despite the existence of the FTA for around 14 years now.
Singapore and Mexico signed a series of new cooperation agreements that underscored the multi-faceted nature of ties between the two countries, and pledged to conclude a regionwide trade deal by this year.
The Bilateral Investment Treaty on the Promotion and Protection of Investments between Singapore and Myanmar aims to promote greater investment flows between the two countries.
-
Singapore’s FTAs website
Singapore’s FTAs website, with documents and news of latest developments.
