News

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.

The EU is Singapore’s third largest trading partner and local companies are expected to reap significant benefits from the signing of the EU-Singapore Free Trade agreement.

There are no signs of easing in the Sino-US trade disputes which could potentially disrupt global trade and market supply chains. As a result, trade-dependent economies, including Singapore may also be affected.

For example, intermediate products for some Chinese exports to the United States may be produced by Singaporean companies and the demand for these intermediate products may therefore be affected.

Fortunately, our strong trade network, including the EU-Singapore FTA, which is coming into effect next year, will help affected companies to expand into new markets.
 

"Singapore is the only country in the region that has signed FTAs with China, the United States and the Eurozone. I think it is important for local companies to consider how to reposition their business strategies and to further expand the landscape of some of the major markets.” DBSGroup Holdings Ltd economist Irvin Seah (謝光威) said.

For example, local company, Dou Yee International derives 90% of revenue from overseas, of which the EU accounted for about 25%. The company says the FTA helps to improve the company's profitability.

"We have a factory in France, but many of the raw materials are shipped from Singapore and processed locally to cater to the needs of local customers," said Mr. Soo Ye Wah（苏益华）, Executive Chairman of Dou Yee International. “With this agreement, we will be able to enjoy benefits in tax and import duties.”

Ministry of Trade and Industry pointed out that the EU-Singapore FTA will pave the way for the future signing of the EU-ASEAN trade agreement.