Bilateral trade and investment negotiations with Singapore began in 2010 and ended in 2017. The agreements with Singapore are the first to be concluded between the EU and a South-East Asian country and are stepping stones for increased engagement between the EU and the region. The chapter on trade in services covers the liberalization of the four types of services within the meaning of the WTO GATS in all services sectors, with the exception of air transport. The liberalisation of services is carried out according to the timetables of specific commitments. The commitment plans shall be reviewed at least every two years and the Parties have undertaken to liberalise all trade in services within ten years. Companies must establish the Harmonized System (HS) code and the Annex to the Rules of Origin (ROO) to determine whether the specific product or service is eligible for free or preferential import duties. The EU-Singapore Free Trade Agreement, an acronym EUSFTA, is signed and ratified Bilateral Free Trade and Investment Agreement between the European Union and Singapore. EuSFTA has been under negotiation since March 2010 and its text has been publicly available since June 2015.  Negotiations on goods and services were concluded in 2012 and investment protection on 17 October 2014.  Investment protection disciplines correspond to those usually found in bilateral investment protection agreements, including provisions on sales promotion and protection, national treatment and most remunerated treatment, taxation, expropriation and compensation, national regulation, transfers and key personnel.
The agreement also provides for the possibility of direct settlement of disputes between a party to the agreement and an investor of another party. Such disputes may be subject to compulsory arbitration, provided that both parties so agree. Reservations to this chapter are contained in annex XI. For EFTA-Singapore trade statistics, see EFTA Trade Statistics Tool The country`s 13 bilateral free trade agreements and 11 regional free trade agreements include some of the largest combined trade agreements in the ASEAN-China, ASEAN-India and ASEAN-Hong Kong trading blocs and allow Singapore-based companies to access preferential markets, free or reduced import duties and improve intellectual property rules. Provisions relating to the protection of intellectual property rights include, inter alia, patents, trademarks, copyrights and geographical indications. These agreements are part of the instruments for the creation of the free trade area and are subject to the disciplines applicable to trade in goods in the main agreement. They provide for concessions on both sides. Each agreement contains specific rules of origin, usually based on the “fully acquired” origin criteria. There are two types of free trade agreements: bilateral (agreement between Singapore and a single trading partner) and regional (signed between Singapore and a group of trading partners). Free trade agreements (FTAs) are treaties that facilitate trade and investment between two or more economies. Singapore has an open economy, fuelled by trade in goods and services.
Over the years, it has forged an extensive network of 25 agreements implemented.. . . .