03 March 2010 08:49 [Source: ICIS news]
SINGAPORE (ICIS news)--Singapore and the European Union (EU) will start their first round of negotiations to forge a free trade pact this month, the city-state’s Ministry of Trade and Industry (MTI) and the European Commission announced on Wednesday in a joint statement.
The discussions would take place on 8-12 March in ?xml:namespace>
"The proposed free-trade agreement will strengthen economic ties between Singapore and the EU, provide new opportunities for traders and consumers alike, and contribute to generating growth in our economies," said EU Trade commissioner Karel De Gucht.
Singapore and the EU have also agreed to continue working closely with the World Trade Organisation towards concluding the stalled Doha negotiations on global trade, it said.
The EU is the city-state’s largest trading partner with bilateral trade exceeding €55bn ($75bn), the statement said.
($1 = €0.73)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|