EU and Singapore sign landmark Digital Trade Agreement
EU Delegation to Singapore
The Agreement opens up new avenues for bilateral digital trade, while fostering innovation. It will enhance legal certainty and ensure a safer online environment. Once it is in effect, the more than 12,000 EU businesses operating in Singapore will feel its benefits firsthand.
The EU and Singapore are building on a strong foundation: in 2023, bilateral trade in goods and services reached €132.7 billion, while EU Foreign Direct Investment in Singapore stood at €263 billion, making it our fifth largest destination globally. These figures reflect the success of existing agreements, including our Free Trade Agreement; our Partnership and Cooperation Agreement; and our Investment Protection Agreement.
EU Delegation to Singapore
A joint statement by Commissioner Šefčovič and Singapore Minister-in-charge of Trade Relations Grace Fu, the remarks by Commissioner Šefčovič, and a press release are available online.
Commissioner's Press Call with Singapore & International Media
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