×
ECR

Pleasing progress for Singapore trade deal

17 September 2013

Pleasing progress for Singapore trade deal

Conservative MEP Syed Kamall today welcomed news that the planned trade deal between the European Union and Singapore has taken an important step forward.

Conservative MEP Syed Kamall today welcomed news that the planned trade deal between the European Union and Singapore has taken an important step forward.

Dr Kamall, who is the European Parliament”s “rapporteur” or lead negotiator on the agreement, said: “I am delighted that prompt and meaningful progress is being made on this agreement which can bring so much benefit to the UK, European and world economy.”

The London MEP was speaking as it emerged that European Commission lawyers have now completed their “scrub” of the agreement document – a detailed check that the wording is legally sound – and that an “initialing”, or pre-agreement, of the text can go ahead in Singapore on September 20.

Under the agreement, Singapore and companies from EU countries will enjoy greater access to each other’s markets.

The EU will eliminate tariffs on all imports from Singapore over a period of five years. Singapore will grant immediate duty-free access for all imports from the EU. The deal will also see the removal of a number of non-tariff measures between the EU and Singapore, improving access for exporters of pharmaceuticals and electronics.

Both parties will guarantee access to each others’ services markets, including a range of sectors such as environmental services, computing, financial services and maritime transport.

Dr Kamall said: “It appears we should be on course to have the agreement signed by the end on this year or early 2014.

“I have called this agreement a signpost to the future, because it points up the importance of trading relationships with key Far East partners and emerging markets. Trade with Singapore can open up new commercial opportunities for British and European companies across south-east Asia.

“This is potentially a major boost for for professional services companies from my constituency of London, but crucially this can be the key to opening up closer engagement with a region which is economically buzzing and full of opportunity.”

SHARE

ECR

OUR TWEETS

ECR Group

17 hours ago

Today is #WorldChildrensDay which aims to support children's welfare across the globe and to provide them with a be… twitter.com/i/web/status/1…

ECR Group

22 hours ago

'We are not ready for the challenge of an ageing population, climate and digital transformation...' from… twitter.com/i/web/status/1…

ECR Group

yesterday

Delighted Commissioner @GabrielMariya & Commissioner-designate @jwojc⁦ could join us for our event on the challenge… twitter.com/i/web/status/1…

ECR Group

2 days ago

Congratulations to all Latvians celebrating the 101st year of independence! 🇱🇻 Sveicam visus Latvijas patriotus jū… twitter.com/i/web/status/1…

ECR Party

3 days ago

On this day 30 years ago: Czechs and Slovaks took to the streets demanding the end of authoritarian communism. To… twitter.com/i/web/status/1…

Jan Zahradil

3 days ago

Bank holiday today in #CzechRepublic. 80 years ago, November 17, 1939: big rally in Prague against Nazi occupation.… twitter.com/i/web/status/1…

Jan Zahradil

4 days ago

Last night in #Prague: tribute to Sir @Roger_Scruton for his support of Czechoslovak dissent before 1989. Awarded M… twitter.com/i/web/status/1…

Poland in the EU

6 days ago

We hosted today a debate on terrorist content online regulation in partnership with @ZPP_EU. Our keynote speakers… twitter.com/i/web/status/1…

ECR Group

6 days ago

ECR will always work for a free market economy and against protectionist policies. MEP @robertszile grilling Transp… twitter.com/i/web/status/1…

Bert-Jan Ruissen

6 days ago

Net in het Europarlement de kandidaat-EU-commissaris László Trócsányi voor Nabuurschap en Uitbreiding gevraagd naar… twitter.com/i/web/status/1…





© 2018. All rights reserved. European Conservatives and Reformists Group