EU hopes trade deal with Singapore will enter into force this year
Singapore
THE European Union (EU) hopes that its free-trade deal with Singapore will enter into force this year, said its top trade official on Friday.
This signals the EU's desire to press on with open trade, said Trade Commissioner Cecilia Malmstrom, a day after US President Donald Trump announced steep tariffs on steel and aluminium imports. The commissioner, who is in Singapore this weekend for talks with Asean economic ministers, said: "We see that openness to trade can no longer be taken for granted, so it is all the more important to build bridges between nations."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%