Ready for companies to use
Completed negotiations, but not ready for use
The European Union-Singapore Free Trade Agreement (EUSFTA) is the first FTA concluded between the EU and an ASEAN country. The agreement will come into force after it is signed and ratified by both parties. The ratification has been delayed due to the European Commission's decision to request for a European Court of Justice Opinion on its competences with regard to the EUSFTA. In 2014, EU was Singapore's 3rd largest global trading partner and Singapore is the EU’s 15th largest global trading partner and largest trading partner in ASEAN. Hence, the comprehensive and ambitious EUSFTA will improve Singaporean and European companies’ access to each other’s markets, and provide a stable and fair regime for foreign investors while preserving the right of the parties to regulate in the public's interest. The EUSFTA text and more information can be found here.