The European Union and Singapore have negotiated a Free Trade Agreement. EU-Singapore trade in goods registered a remarkable 20.7% increase in the first half of 2022.
EU exports to Singapore expanded by 10.4% reaching €15 billion, while EU imports from Singapore went up by 39.7% amounting to €10.5 billion, evidencing a steady economic recovery from the COVID-19 pandemic trade disruptions.
European Union Ambassador to Singapore Iwona Piórko calls the expansion of bilateral merchandise trade “an important proof of the benefits of free and open trade.”
