European Union–Singapore Free Trade Agreement

EU-Singapore Free Trade Agreement

Europe
Singapore

The EU-Singapore Free Trade Agreement, acronym EUSFTA, is a planned freetrade and bilateral investment treaty between the European Union and Singapore. EUSFTA has been negotiated since March 2010 and it's text has been publicly accessible since June 2015[1]. The negotiations on goods and services were completed in 2012, on investment protection on October 17, 2014.[2]

The agreement is expected to be the first free trade agreement with a member of the Association of Southeast Asian Nations and the second agreement with an Asian country after South Korea from an EU perspective.

Content of the Agreement

The EUSFTA covers the following key areas:

Ratification

According to an opinion of the Court of Justice of the European Union (ECJ) in Luxembourg, EUSFTA is a so-called mixed agreement. In order to be able to come into full force in its present form, all 28 national parliaments of the individual EU countries would therefore have to ratify the agreement, which increases the risk that individual EU countries to blackmail the EU Commission with refusal to ratify the agreement.


The report was commissioned by the European Commission, which wanted to confirm that the EU institutions alone are entitled to conclude the agreement and do not need the consent of the national parliaments.[3]

Treaty text of the EU-Singapore Free Trade Agreement

See also

Sources

  1. ↑ "EU-Singapore Free Trade Agreement. Authentic text as of May 2015" (in German). 2015-06-29. Retrieved 2017-07-10.
  2. ↑ "Singapure - Trade - European Commission" (in German). 2017-02-22. Retrieved 2017-07-10.
  3. ↑ "EuGH bremst Freihandelsabkommen EUSFTA" (in German). 2017-05-25. Retrieved 2017-07-10.
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