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Singapore and Australia to launch upgraded FTA

Four bilateral agreements signed on final day of PM Lee's visit Down Under

Lee U-Wen

Lee U-Wen

Published Thu, Oct 13, 2016 · 09:50 PM
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Singapore

SINGAPORE and Australia have completed the third review of their bilateral free-trade agreement (FTA), and the upgraded pact is expected to enter into force next year.

After a year-long negotiation, Singapore's Trade Minister Lim Hng Kiang and Australian Minister for Trade, Tourism and Investment Steven Ciobo signed the updated FTA at Parliament House in Canberra on Thursday.

The ceremony was witnessed by Prime Minister Lee Hsien Loong, who was on the final day of his three-day official visit to Australia, and Australian Prime Minister Malcolm Turnbull.

The upgraded FTA was one of four major agreements inked in the presence of the two leaders; the remaining th…

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