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S’pore, Colombia discuss FTA

Straits Times | Nov 23, 2010

S’pore, Colombia discuss FTA

SINGAPORE has begun negotiations with Colombia on a free trade agreement (FTA), Colombian press said on Monday.

The agreement may be signed in 2012 ’if talks go well’, Colombian Commerce, Industry and Tourism Minister Sergio Diaz-Granados told the La Republica newspaper.

The negotiations were launched not long after Colombia announced the establishment of a commercial office in Singapore, Xinhua news agency reported.

Mr Diaz-Granados said that the FTA with Singapore would bring Colombia closer to the Asia-Pacific Economic Cooperation Forum (Apec).

’Colombia has more than 1,300km of coast in the Pacific, it has more than 45 million consumers and with an economy recovering. When our country joins it, it will be the 16th biggest economy of the Apec and the 12th in size,’ he said.

 source: Straits Times