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EU-Singapore FTA talks to be completed soon

Europolitics | Monday 05 September 2011

EU-Singapore FTA talks to be completed soon

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”. The talks were launched in March 2010 and, according to EU sources, are “moving forward with a good pace”. Both sides aim at concluding them before the end of 2011.

The EU-Singapore free trade talks are part of a strategy for concluding bilateral deals with individual ASEAN members the EU adopted in December 2009 following the collapse of the region-to-region talks launched in March 2009. The two leaders also discussed the situation in the global economy, ahead of the G20 summit in November, as well as recent developments in the eurozone.

 source: Europolitics