Singapore is the EU an important trading partner. Therefore, both want to have a free trade agreement – customs duties. Today, the European vote Parliament. In Brussels, there is criticism.
First Japan, now Singapore, soon to Vietnam: Asia for the European Union is obviously a very interesting market. In addition, Brussels has implemented the new free trade agreement is a clear Signal: Against the isolation policy of US President Donald Trump, for international cooperation.
The contract with Singapore is a bit longer in the drawer. More specifically, there are now two contracts. Under pressure from the European court of justice, the EU has separated the investment protection agreement, because in each member state must decide.
The actual negotiations with the Asian city-state are already completed since 2014. At the time, a satisfied said EU trade Commissioner Karel de Gucht stated: “This agreement opens the doors in the major regions of Asia, he can stimulate the growth in the economy and thus for investment and new Jobs in the EU.”
