Impact Assessment for EU-Singapore FTA
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Economic assessment of the costs, benefits and impact of the EU-Singapore Free Trade Agreement.
This impact assessment sets out the potential effects of the EU-Singapore Free Trade Agreement (FTA).
Negotiations on the EU-Singapore FTA were concluded in October 2014. As an EU-only agreement (ie without the need for ratification by EU member states), the agreement will not be provisionally applied and will instead enter fully into force once concluded at the EU level and ratified by Singapore.
This agreement will:
- promote bilateral trade and economic growth between the EU and Singapore
- eliminate most tariffs, increase market access, improve access to public procurement and services, and further reduce technical barriers to trade
As an EU member state, the UK remains committed to supporting the EU’s ambitious trade agenda.