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European Parliament nod for free trade, partnership pacts with Singapore

Singapore

THE European Parliament has given the green light to a landmark trade agreement with Singapore that is set to remove nearly all customs duties between the two jurisdictions.

Following a majority vote in favour of the European Union-Singapore Free Trade Agreement (EUSFTA) on Wednesday, the pact can be ratified and entered into force. Meanwhile, two other agreements were also given the go-ahead.

The EUSFTA eliminates duties on 84 per cent of Singapore exports to the EU once it comes into force,...

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