Europe and Singapore: partners in trade, partners for growth |

Europe and Singapore: partners in trade, partners for growth


During his speech, EU Trade Commissioner Karel De Gucht intends to:

  • Revisit last year's crisis and the impact it has had on world trade;
  • Explain how it has reshaped the EU's trade policy;
  • Discuss the prospects of the EU-Singapore Free Trade Agreement that he will launch the same day with Singapore's Minister for Trade and Industry Mr Lim Hng Kiang.

The Foundations for further strengthening our trade ties are strong. Today the European Union is Singapore's largest trading partner and foreign investor. Bilateral trade in goods and services exceeded S$110 billion in 2008. Conversely, Singapore is the EU's foremost trading partner among the ASEAN countries: about one third of EU-ASEAN trade is with Singapore and Singapore is the EU's fourth largest trading partner in services. This free-trade agreement marks a new beginning in the EU-Singapore bilateral relations. It will indeed strengthen EU-Singapore ties, providing new opportunities for traders and consumers alike, and contributing to generating growth in our economies. For Europe, it will also mark and important stepping stone in the EU's engagement with the ASEAN region.


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Karel De Gucht, European Commissioner for Trade

Wednesday, 03 March 2010
4.00 p.m. - 5.00 p.m.

Seminar Room 4-4, Level 4, Block B, Faculty of Law,
NUS Bukit Timah Campus
469G Bukit Timah Road
Singapore 259776

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