Today, EU Member States in the Council authorised the signature and conclusion of the trade and investment agreements between the EU and Singapore.
Commissioner for Trade Cecilia Malmström said: “I am very pleased that Member States have given their formal backing to these agreements, paving the way for their signature on 19 October. Opening new opportunities for European producers, farmers, service providers and investors is a key priority for this Commission. These deals do precisely that, and more – Singapore is an important gateway to the whole Asia-Pacific area, and it is vital that our companies can have a foothold there. These agreements also promote sustainable development, as they include ambitious commitments on the protection of the environment and labour rights and uphold the right to regulate. They are yet another example of the EU’s determination to work with like-minded countries to uphold rules-based international trade.”