Press conference by Karel De Gucht, Member of the EC, following the latest negotiations on a free trade agreement between the EU and Singapore
Karel De Gucht, Member of the EC in charge of Trade, gave a press conference after he came back from Singapore where he completed the final negotiations on a free trade agreement (FTA) between the European Union and Singapore. The agreement reached is one of the most comprehensive the EU has ever negotiated and will create new opportunities for companies from Europe and Singapore to do business together. The growing Singaporean market offers export potential for EU, industrial, agricultural and services businesses. An EU-Singapore FTA will be the EU's second ambitious agreement with a key Asian trading partner, after the EU-Korea FTA, which is in operation since July 2011.