Singapore Plans to Sign Free Trade Agreement With Pacific Alliance in 2021

The Latin American trade bloc makes up the eighth-largest economy in the world. Singapore was invited to the summit as a Candidate Associate State of the Pacific Alliance

RIO DE JANEIRO, BRAZIL - Singapore is planning to sign a free trade agreement next year with the Pacific Alliance - which consists of Chile, Colombia, Mexico and Peru - after making significant progress on it.

After three years of negotiations, the Pacific Alliance-Singapore Free Trade Agreement (PASFTA) has reached a "substantial conclusion", said Prime Minister Lee Hsien Loong's press secretary, Ms Chang Li Lin, in a statement on Friday night.

PM Lee attended the Pacific Alliance Summit for the first time on Friday, via video conference.

In a Facebook post yesterday, he said the PASFTA will enhance trade and deepen . . .

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