Singapore and Pacific Alliance conclude talks on free trade pact

singapore and pacific alliance conclude talks on free trade pact

Sumary of Singapore and Pacific Alliance conclude talks on free trade pact:

  • Negotiations have been concluded between Singapore and the Pacific Alliance, a trading bloc of four Latin American nations, on an agreement to collaborate on energy, digital economy, infrastructure and urban solutions, port management and logistics, and other areas.
  • The free trade agreement (FTA) was welcomed by Trade and Industry Minister Gan Kim Yong and ministers of Chile, Colombia, Mexico and Peru in a videoconference on Wednesday.
  • The FTA represents a shared commitment by the alliance and Singapore to persevering with greater economic integration and supporting a rules-based multilateral trading system, Mr Gan said.
  • Colombian Minister of Trade, Industry and Tourism Maria Ximena Lombana said the trade pact marks a milestone in the alliance’s economic integration with the Asia-Pacific region.

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