The flag of the European Union (C) is seen flying in Singapore, 20 November 2019. The European Union-Singapore Free Trade Agreement (EUSFTA) will come into effect on 21 November and put EU-based businesses closer to one of the world’s fastest growing consumer markets.
The EUSFTA is the first such agreement from the 28-nation European bloc in Southeast Asia, with Singapore agreeing to remove all tariffs from EU products while the EU will remove tariffs from 84 per cent of Singaporean products with the remaining tariffs to be phased out over the course of the next three to five years.
