ectively the world's eighth largest economy, scrapping most tariffs on goods and allowing Singapore companies to bid for government projects in the Americas.
"Let us encourage our businesses and our peoples to take advantage of this enhanced relationship to explore opportunities in each other's regions." The 25-chapter free trade agreement seeks to create more opportunities for greater exchange, with agricultural trade, technology and infrastructure identified as possible areas of growth.
If ratified by all parties, the agreement is expected to have its more dramatic impact in exchanges between Singapore and Colombia, with which Singapore currently has no free trade agreement. "Like the galleons that sailed across the Pacific and sustained trade between Asia and Latin America , the Pasfta will propel greater cross-Pacific links and grow our partnership further," PM Lee said.More On This TopicThe Pacific Alliance countries currently account for one-third of Singapore's total trade and investment with Latin America and the Caribbean.
Mucho drogas coming
Colombia*
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