Singapore, Pacific Alliance conclude negotiations 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 (July 21).

Mr Gan said the Pacific Alliance-Singapore Free Trade Agreement (PASFTA) is significant in that it is Singapore’s first FTA with Colombia, and establishes a modern, comprehensive, high-quality and mutually beneficial economic partnership that builds on existing agreements between the alliance and Singapore. Read More.

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