EU and Singapore sign landmark Digital Trade Agreement
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.
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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