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Ukraine, Singapore begin FTA negotiations

Channel NewsAsia | 08 May 2007

Ukraine, Singapore begin FTA negotiations

By Aaron W-Tan

SINGAPORE : Ukraine and Singapore have begun negotiations for a bilateral Free Trade Agreement (FTA).

A Trade and Industry Ministry statement on Tuesday said the FTA would increase bilateral trade and investment, and provide greater confidence for investors and businesses.

Key elements of the FTA include measures to liberalise trade in goods and services, and cooperation in the protection of intellectual property rights.

Ukraine was Singapore’s 55th largest trading partner last year, with total trade amounting to S$774 million.

 source: Channel News Asia