INTRODUCTION

Singapore is a leading global city with dynamic economy enabled by foreign investments and free trade. As a strong proponent of free trade, Singapore’s economy has flourished and boasts numerous trade links and agreements with numerous jurisdictions. Singapore is the EU’s largest commercial partner in ASEAN, accounting for almost a third of EU-ASEAN trade in goods and services, and about two-thirds of investments between the two regions. A bilateral EU-Singapore FTA is also currently in the process of being ratified.

Regional Trade

OBJECTIVES

The EuroCham Regional Trade committee represents the European business community in Singapore and advocates for open trade with bilateral and multilateral partners between Singapore, Europe, and the region. The committee promotes a competitive trade environment and addresses issues relating to the elimination of tariffs and non-tariff barriers, and serves as a platform for the sharing of information and dialogue with stakeholders.

LEADERSHIP

Mr Domenico Ferrari, Counsel – Global LNG, BP Singapore (Chairman)

HIGHLIGHTS

  • Workshop on understanding the CPTPP and its key provisions
  • Presentation by Ms Deborah Elms of the Asian Trade Centre on the impacts of RCEP on businesses in the region
  • Roundtable discussion with members on Singapore’s new national trade infrastructure (TradeNet® , TradeXchange® and eCustoms)
  • Members feedback and discussion on the EU-Singapore FTA
  • Workshops preparation for post-ratification of EU-Singapore FTA
  • Presentation by Japan External Trade Organisation (JETRO) on RCEP impacts
  • Presentation by U.S. Customs and Border Protection Attaché on origin laundering

TOPICS

  • EU-Singapore FTA, RCEP, CPTPP, AEC
  • APEC and economic integration in Asia Pacific
  • Rules of origins
  • Market access studies and workshops

STAKEHOLDERS INCLUDE

  • Ministry of Trade and Industry (MTI)
  • EU-ASEAN Business Council (EU-ABC)
  • Asin Trade Centre (ATC)
  • World Trade Organisation (WTO)
  • EU Delegation to Singapore

COMMITTEE MEMBERS INCLUDE