EU Trade Commissioner and Singapore's Minister of Trade have completed final negotiations on a free trade agreement.
The agreement reached today is one of the most comprehensive the EU has ever negotiated and will create new opportunities for companies from Europe and Singapore to do business together.
Prime Minister David Cameron said:
Today’s agreement represents a landmark moment in our relationship with Singapore. Britain will only prosper in the global race if we can compete with the fastest growing economies. In the past two and a half years, I have led some of the biggest trade delegations around the world and I have championed an ambitious trade liberalisation agenda within the EU.
This agreement negotiated by the Commission will be good for British business and act as a gateway to other dynamic economies in Asia. Protectionism is one of the biggest threats to the world economy and that’s why I’ve made trade a central plank of the UK’s G8 Presidency next year.