SINGAPORE
KEY ACHIEVEMENTS IN 2020

The comprehensive EU-Singapore Free Trade Agreement (EUSFTA) came into force on 21 November 2019

The European Parliament gave its consent to the EU-Singapore Investment Protection Agreement (EUSIPA) and Partnership and Cooperation Agreement (ESPCA) – signed in October 2018 and will enter into force once ratified by all EU Member States

The ESCPA will strengthen political dialogue with Singapore and enhance cooperation in a broad range of areas, while the EUSIPA will further strengthen the strong investment ties between the EU and Singapore.

On 3 December 2020, the EU and Singapore signed an Administrative Arrangement on Cluster Cooperation, to put in place practical initiatives for clusters and their members, including regular exchanges and business matchmaking events, where Singaporean and European businesses can connect, network, and develop strategic partnerships.