08 Jun '11, 3pm

EU, S'pore trade robust

SINGAPORE: Singapore is set to be the first country in the world to have a Free Trade Agreement (FTA) with the European Union (EU), that will promote the green technology sector. It's one of six key chapters that will feature in the FTA, where a sixth round of talks is under way here. The EU said this will be the most advanced and ambitious FTA it will sign, and expects to seal the deal by the end of the year. Trade between the Euro zone and Singapore hit a record level in 2010 at S$76.9 billion, an increase of 22 per cent from 2009. This is according to figures by the Delegation of the European Union to Singapore. EU ambassador to Singapore Marc Ungeheuer said: "2010 was a particularly strong year for EU-Singapore trade, with trade in goods having fully recovered from the recent economic crisis. "I am convinced we can do even better and this is the reason why the EU and S...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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