×
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

3 days ago

The 🇪🇺 tries to do too much already and always wants to do more. It ought to stick to its basic tasks, such as bui… twitter.com/i/web/status/1…

ECR Group

3 days ago

The whole is the sum of its parts. The parts: Our European nation states. #Europe's diversity made it what it is… twitter.com/i/web/status/1…

ECR Group

4 days ago

The Conference on the #FutureOfEurope is clearly seen by many as an opportunity to turn Europe into a big super sta… twitter.com/i/web/status/1…

ECR Group

4 days ago

🚨 #SOTEU 🚨 Watch ECR MEPs weigh in on @EU_Commission President @vonderleyen's #SOTEU21 address now ⤵️ pic.twitter.com/nYqFTXKK2A

ECR Group

4 days ago

🚜 Agriculture is the beating heart of rural life in #Europe. Yet 🇪🇺 farming employment rates have seen better days… twitter.com/i/web/status/1…

ECR Group

4 days ago

The 🇪🇺 needs to focus on combatting illegal immigration. A "no-borders" ideology will lead to nothing but chaos.… twitter.com/i/web/status/1…

ECR Group

5 days ago

🦠 The effects of the #Covid19 pandemic are still upon us ❗️ We need to act to stop history from repeating itself… twitter.com/i/web/status/1…

ECR Group

5 days ago

🧪 #Europe has given birth to countless inventions & innovations. We can't let ourselves fall behind. By cutting r… twitter.com/i/web/status/1…

ECR Group

5 days ago

The 🇪🇺 was created by our nations to serve them, not the other way around. 𝗢𝘂𝗿 𝗮𝗶𝗺? 🎯 To preserve the sovereignty… twitter.com/i/web/status/1…

ECR Group

6 days ago

"In #Cuba, we face one of the most vicious crackdowns on innocent people wanting change and #democracy in their cou… twitter.com/i/web/status/1…





© 2020. All rights reserved. European Conservatives and Reformists Group