For the free trade agreement to enter into force, the EU (parliament and council) and Singapore must ratify the agreement. On 13 February 2019, the European Parliament approved both the free trade agreement and the investment protection agreement, and the free trade agreement is expected to enter into force as soon as possible. [7] [9] The separate investment protection agreement must also be approved individually by each EU member state. On 19 October 2018, three agreements were signed between the parties, the EU-Singapore trade agreement, the EU-Singapore Investment Protection Agreement and the Framework Partnership and Cooperation Agreement. [5] [6] The agreement was approved by the European Parliament on 13 February 2019. [7] On November 8, 2019, it was announced that the agreement will enter into force on November 21, 2019. This comes after the Council of the European Union approved the agreement. [1] Following an opinion of the European Court of Justice (ECJ) in Luxembourg, the original AEE was a so-called mixed agreement. The opinion was requested by the European Commission, which asked whether the EU institutions were the only ones entitled to conclude the agreement without the Member States being contracting parties. [8] The Court`s opinion led the European Commission to divide the agreement into a free trade agreement and an investment protection agreement. The EU-Singapore Free Trade Agreement (an acronym for EUSFTA) is a free trade agreement signed and ratified between the European Union and Singapore.

[1] [2] Bilateral free trade and investment agreements between the European Union and Singapore. The EEA has been under negotiation since March 2010 and its text has been available to the public since June 2015. [3] Negotiations on goods and services were concluded in 2012 on investment protection on 17 October 2014. [4] The agreement is supposed to be the first free trade agreement with a member of the Association of Southeast Asian Nations and the third with an Asian country after South Korea and Japan from the EU`s point of view. Singapore is the EU`s 14th largest trading partner. Step 1: When your product code SH is included in the EU tariff plan, the staging categories (3, 5 or X) apply to the removal of tariffs. If your SH code product is not included in the EU tariff plan, this means that the tariff will be removed when the EEA comes into force. Under the IEA, the exporter submits an invoice declaration of origin or another trade document certifying that the products are considered to be sourced for importation into the European Union. The declaration of origin must contain the text and modalities covered in Appendix E of Protocol 1 of the legislation and describe the goods in sufficient detail to be identified by the importing customs authority. EUSFTA and EUSIPA infographic guide for Singapore and ENTREPRISES in the EU press release – EEA comes into force THE EUSFTA press release – Transitional period for Brexit for the UK.