S'pore-EU FTA ratification can catalyse Asean-EU pact: PM Lee
It would diversify Europe's engagement with Asia beyond the major economies of China, India
Singapore
THE ratification of the free trade agreement (FTA) between Singapore and the European Union (EU) would signal that EU is "open for business", and encourage an Asean-EU FTA deal, said Prime Minister Lee Hsien Loong on Wednesday.
Singapore is the EU's largest commercial partner in Asean: trade between the two accounted for about one-third of Asean-EU trade in goods and services, said the European Commission. Negotiations for the EU-Singapore FTA ended last year, and the deal is now awaiting ratification by the European parliament.
"I'm not sure it's held up.…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015