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Singapore’s Bilateral Agreements with Colombia
Pacific Alliance – Singapore Free Trade Agreement (PASFTA)
With the newly concluded Pacific Alliance – Singapore Free Trade Agreement (PASFTA) in 2021, doing business in Colombia is getting easier for Singapore companies.The PASFTA with the Pacific Alliance trade bloc (comprising Colombia, Chile, Mexico, and Peru) will pave the way for Singapore companies to access a combined market of 223 million people and a combined GDP of US$4.05 trillion, the 8th largest economy in the world.
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