On September 20, the EU and Singapore released the text of comprehensive free trade agreement (EUSFTA). Singapore is the EU’s largest trading partner in ASEAN and EU Singapore’s second largest.
![EU-SG](https://scandasia.com/wp-content/uploads/2013/09/EU-SG.jpg)
The EUSFTA is the first EU deal with a Southeast Asian economy and is seen to have the potential to open the door to Free Trade Agreements with other ASEAN-members as well. The draft agreement is currently being translated into all EU languages and will then be submitted to the European Commission.
For more information, click here.
Source: Embassy of Finland in Singapore