Enterprise Singapore Logo
  • Industries
    • Industry Type
      • Agritech
      • Air Transport
      • Built Environment
      • Business Services
      • Digital / ICT
      • Electronics
      • Energy & Chemicals
      • Food Manufacturing
      • Food Services
      • Healthcare and Biomedical
      • Land Transport
      • Logistics
      • Marine & Offshore Engineering
      • Precision Engineering
      • Retail
      • Sea Transport
      • Urban Solutions
      • Wholesale Trade
    • Hub
      • Infrastructure Hub
      • Startup Hub
  • Overseas Markets
    • Africa
      • Ghana
      • Ivory Coast
      • Kenya
      • Morocco
      • Mozambique
      • Nigeria
      • South Africa
    • Asia Pacific
      • ASEAN
      • Australia
      • Cambodia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Myanmar
      • Philippines
      • South Korea
      • Thailand
      • Vietnam
    • Europe
      • France
      • Germany
      • Russia
      • Türkiye
      • Netherlands
      • United Kingdom
    • Middle East
      • Egypt
      • Israel
      • Jordan
      • Oman
      • Qatar
      • Saudi Arabia
      • United Arab Emirates
    • North & Latin America
      • Brazil
      • Canada
      • Colombia
      • Mexico
      • United States of America
    • Go Global
  • Quality & Standards
    • Standards
      • For Companies
      • For Partners
      • E-Alert for Standards
    • Accreditation
      • For Companies
      • For Conformity Assessment Bodies
      • For Partners
      • Mutual Recognition Arrangements (MRAs)
    • Business Excellence
    • Consumer Protection
      • Consumer Product Safety Office
      • Weights and Measures Office
  • Financial Assistance
    • Grants
      • For Startups
      • For Local companies
      • For Partners
    • Loans & Insurance
      • Enterprise Financing Scheme (EFS)
    • Tax Incentives
      • Double Tax Deduction for Internationalisation (DTDi)
      • Global Trader Programme
      • Fund Management Incentive (FMI)
      • Venture Capital Fund Incentive (VCFI)
    • Investments
      • Startup SG Equity
      • SEEDS Capital
      • EDBI
  • Non-Financial Assistance
    • For Singapore Companies
      • Supporting Your Startup Journey
      • Digital Programmes
      • Growth Partnership Programme
      • Sustainability
      • Business Toolkits
      • Talent Attraction and Development
      • Network of Partners
      • Export Guides
      • Free Trade Agreements
    • For Foreign Companies
      • Join Singapore's Startup Hub
      • Living in Singapore
      • Setting Up in Singapore
      • Free Trade Agreements
      • Double Tax Avoidance Agreements
      • International Investment Agreements
    • For Individuals
      • Skills Development for Students
      • Skills Development for Mid-Career Professionals
      • Be Inspired
  • About Us
    • Overview
    • Vision & Mission
    • Board of Directors
    • Subsidiaries
    • Strategic Plan
    • Year-in-Review 2021
    • Careers
    • Media Centre
Search
  • Share
Germany Key Banner
  • Home
  • Overseas Markets
  • Europe
  • Germany
  • Doing Business in Germany
  • Singapore's Bilateral Agreements With Germany
Germany
  • Market Profile
  • Profiled Cities
  • Profiled Industries
  • Doing Business in Germany
    • In-Market Consultants
    • Key Government Agencies and Chambers
    • Singapore's Bilateral Agreements With Germany
  • Articles
  • Contact Us
  • Events

Singapore's Bilateral Agreements With Germany

Free Trade Agreement (FTA)

The European Union-Singapore Free Trade Agreement (EUSFTA) and EU-Singapore Investment Protection Agreement (EUSIPA) were signed in October 2018 and approved by the European Parliament in February 2019. The EUSFTA entered into force on 21 November 2019 while the EUSIPA is undergoing ratification by the regional and national parliaments of the EU Member States and is expected to take at least two years.
 
Singapore and the EU are important trade and investment partners to each other. In 2018, bilateral trade in goods exceeded S$114 billion, and the EU was Singapore’s third largest goods trading partner while Singapore was the EU’s largest goods trading partner in ASEAN. The EU was the largest foreign investor in Singapore in 2017, accounting for foreign direct investment (FDI) stock of over S$376 billion. In the same year, Singapore’s Direct Investment Abroad (DIA) in the EU stood at approximately S$122 billion, making Singapore the EU’s 7th largest foreign investor and largest ASEAN investor.
 
With the EUSFTA, Singapore businesses can benefit from improved market access, including the elimination of customs duties, greater access to services sectors, and the reduction of technical and non-tariff barriers. They will also have more opportunities to participate in government procurement projects in the EU, and benefit from enhanced Intellectual Property Rights protection, amongst others.
 
The EUSFTA signals the EU's commitment to step up its engagement with Southeast Asia. It is a strategic pathfinder for the EU’s FTAs with other ASEAN Member States and an important building block towards a potential EU-ASEAN FTA. The EUSFTA will enhance region-to-region connectivity between the EU – the world’s largest single market, and ASEAN, which is projected to be the fourth largest economic bloc by 2030.

Read More

Double Tax Avoidance Agreement (DTA)

The Singapore-Germany Double Tax Avoidance Agreement (DTA) provides relief from double taxation in the situation where income is subject to tax for both countries. The provisions of the DTA apply to persons who are residents of one or both of the Contracting States.

Investment Guarantee Agreements

The Germany-Singapore Bilateral Investment Treaty (BIT) is a legally-binding agreement between Germany and Singapore. It establishes rules on how Germany should treat investments and investors from Singapore and vice-versa. With the BIT, Singapore companies operating in Germany will enjoy protection on their investments, on top of the protection accorded under Germany’s domestic laws. Similarly, German companies operating in Singapore will also enjoy investment protection.

The BIT will grant investors from both countries the following key areas of protection:

  • Non-discriminatory treatment compared to other foreign or local investors. (Most-Favoured-Nation treatment)
  • Prompt, adequate and effective compensation in the event of nationalisation.
  • Right for investors to submit dispute claims on behalf of their locally-established enterprise in the host state.
  • Access to internal arbitration for investment disputes.
  • Freedom to transfer capital and returns.

TOP

Newsletter Sign Up

Get the latest news on how to grow your business - delivered straight to your inbox. Because growing your business is our business.

SUBSCRIBE
  • About Us
  • Media Centre
  • Careers
  • Events
  • E-Services
  • Resources
  • Inspiring Stories
  • Blog

Connect with us

  •  
  •  
  •  
  •  
Contact | Feedback |
Whistle-blowing
  • Sitemap
  • Terms of Use
  • Privacy Statement
  • Report Vulnerability

© 2018 Enterprise Singapore

(Last updated on 02 June 2022 09:44:11)