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SINGAPORE: Pacific Alliance FTA Negotiations Concluded

04 August 2021



The country has successfully concluded negotiations with Chile, Colombia, Mexico and Peru, with regard to the establishment of the Pacific Alliance – Singapore Free Trade Agreement (PASFTA). The deal will also see Singapore become the first Asia Pacific associate state of the Pacific Alliance once the treaty is formally signed during this December’s Pacific Alliance Summit in Colombia. 

As a result of the agreement, Singapore will gain access to the world’s eighth-largest exporting bloc with annual exports totaling about US$627 billion, and a 230 million-strong consumer market with a per capita GDP of US$19,000. As a result, Singapore-based exporters and investors will gain entitlement to tariff concessions, preferential access to particular sectors and faster market entry.

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    Topics:
  • Central & South America,
  • ASEAN,
  • Southeast Asia,
  • North America,
  • Singapore,
  • Chile,
  • Colombia,
  • Mexico,
  • fta,
  • pacific alliance
  • Central & South America
  • ASEAN
  • Southeast Asia
  • North America
  • Singapore
  • Chile
  • Colombia
  • Mexico
  • Peru
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Article Topics

ARTICLE TOPICS

CENTRAL...35560
ASEAN37801
SOUTHEAST ASIA36184
NORTH AMERICA36097
SINGAPORE36193

ARTICLE TOPICS

CENTRAL & SOUTH AMERICA35560
ASEAN37801
SOUTHEAST ASIA36184
NORTH AMERICA36097
SINGAPORE36193
CHILE35572
COLOMBIA35573
MEXICO36114
PERU35597
FTA80842
PACIFIC ALLIANCE75767

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