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ARTICLE · 14 OCTOBER 2013

EU And Singapore Initial Free Trade Agreement

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

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The EU-Singapore Free Trade Agreement will give Singapore and EU companies further access to each other’s markets.

NetherlandsInternational Law

The EU-Singapore Free Trade Agreement will give Singapore and EU companies further access to each other's markets.

The European Union and Singapore have initialled an agreement to establish a free trade area between the EU and Singapore after several years of negotiations. The EU-Singapore Free Trade Agreement ("EUSFTA") is expected to enter into force in late 2014 or early 2015 and will give Singapore and EU companies further access to each other's markets.

The EUSFTA is expected to have significant benefits for Dutch and other EU companies exporting products or services into Singapore, as well as for companies that have operations in Singapore (including Dutch and other EU companies) and import into the EU. The EUSFTA will also benefit the services industry, with improved possibilities to penetrate the Singapore market, re-establishing a level playing field with other foreign industry players.

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