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BCN-24
EU-SINGAPORE-FREE-TRADE-AGREEMENT
EU, Singapore sign free trade agreement
BRUSSELS, Oct. 20, 2018 (BSS/Xinhua) – The European Union (EU) and
Singapore on Friday signed a free trade agreement at a two-day Asia-Europe
meeting which brings over 50 leaders from European and Asian countries.
“The signature of the EU-Singapore agreements is another strong message by
like-minded partners to defend and promote an international system that is
based on rules, on cooperation, and on multilateralism,” said European
Commission President Jean-Claude Juncker.
The EU trade agreement with Singapore will remove nearly all remaining
tariffs on certain EU products, simplify customs procedures and set high
standards and rules.
It still needs the consent of the European Parliament and could enter into
force before the end of the current mandate of the European Commission in
2019.
BSS/AFP/HR/1255