EU parliament approves EU-Singapore trade deal

BRUSSELS — The European Parliament has approved a free trade deal with Singapore that the European Union hopes to use as a blueprint for further deals in southeast Asia.

The legislature approved the deal in several votes with a large majority and it will become operational after the member states give their final approval.

Under the deal, both sides will gradually eliminate tariffs on goods and services over the next five years. It will also offer new opportunities for businesses on both sides to expand in each other's regions and will allow EU firms to compete for public procurement contracts in Singapore.

The EU and Singapore trade about 50 billion euros ($56 billion) in goods and 40 billion euros in services a year.

People also read these

Animal welfare group and Albania quarrel over 3...

Apr 18, 2019

An international animal welfare charity is locked in a spat with the Albanian government over three...

Amid protests, Armenia's ex-president becomes...

Apr 17, 2018

Armenia's former president shifted into the prime minister's seat Tuesday as about 40,000...

Talks between Armenian opposition, acting PM...

Apr 27, 2018

The leader of protests that forced out Armenia's longtime head took his campaign to the country's...

Armenia's parliament rejects protest leader as...

May 1, 2018

Armenia's parliament has rejected making the opposition lawmaker who led weeks of anti-government...

Pashinian: 'No vendetta' if he becomes Armenian...

May 7, 2018

The Armenian opposition who is nearly certain to become the country's prime minister says he will...

Sign up now!

About Us

24-7 Reporters publishes up-to-the-minute news 24 hours a day, 7 days a week. Our certified reporters are among the most experienced, well-trained and talented across the globe, covering issues resonating progressives in every corner of the world.

Contact us: sales[at]24-7reporters.com