Course summary Singapore European Free Trade Association
(EFTA) Free trade agreement
The Singapore
-
European Free Trade Association (EFTA) Free trade agreement entry into force in 2003.
The main objective of the Free trade agreement between European Free Trade Association
States (Iceland, Liechtenstein, Norway and
Switzerland) and the Republic of Singapore is to set up a free-trade area.
Objectives of the European Free Trade Association (EFTA) Singapore Free trade agreement
are to:
- reach the liberalization of International trade in products
- promote competition in Singapore
and EFTA states, specially in
foreign trade;
- reach liberalization of the government
procurement markets;
- reach the liberalization of external trade in services
- reciprocally improve Foreign direct investment opportunities;
- guarantee protection of intellectual property rights (IPR)
- removal of
barriers to foreign trade
and Foreign direct investment .
The Singapore European Free Trade Association (EFTA) FTA covers: trade in products
and Services, Foreign direct investment (FDI), Competition, Government Procurement, Intellectual Property Rights (IPR), Dispute Settlement ...
Total
International trade of products between EFTA and the Republic of Singapore: 2.6 billion USD in 2006. The European Free Trade Association
States (Iceland, Liechtenstein, Norway and Switzerland) rank high in terms of
Foreign direct investment
in the Republic of Singapore.
Total foreign trade of product between the European Free Trade Association (EFTA) States and
the Republic of Singapore: USD 4 billion in 2009.
Singapore EFTA Free trade agreement
(Es): Singapur AELC
.
