Singapore signs FTA with Chile, Columbia, Mexico, Peru bloc

27/1/2022 2:22:00 AM

Singapore signs FTA with Chile, Columbia, Mexico, Peru bloc

The Pacific Alliance-Singapore Free Trade Agreement, or Pasfta, is Singapore's first direct free trade agreement with the Pacific Alliance, a bloc with a combined gross domestic product of more than $2.6 trillion.Hailing the successful completion of the talks, Prime Minister Lee Hsien Loong said in pre-recorded remarks for the 16th Pacific Alliance Summit on Wednesday:"This is a landmark moment in Singapore's partnership with the Pacific Alliance. Our two regions are in fact more connected than people imagine.

Read more: The Straits Times »

‘I couldn’t move my body’: Singaporean, 30, stricken by myocarditis; doctors explain why younger people get it

SINGAPORE — In May, Ms Lee Pei Hsia came down with a fever. What had initially looked like a viral infection led to a serious case of acute myocarditis, which is an inflammatory condition of the heart muscle. The 30-year-old financial adviser said: “I thought it was just a common infection. I didn’t Read more >>

Mucho drogas coming Colombia*

‘Encouraging signs of recovery’ even as Singapore’s tourism sector hits new lows in 2021: STBSINGAPORE: Singapore’s tourism numbers hit new lows in 2021, but there have been “encouraging signs of recovery” amid the introduction of vaccinated travel lanes (VTLs) and strong domestic consumption, said the Singapore Tourism Board (STB) on Tuesday (Jan 25). In 2021, there were 330,000 visitor arr meriton is corrupting Valencia PeterLim is the worst owner in football LimGoHome Yeah, there will be more signs of recovery when you increase your tax.

Singapore-Indonesia Leaders' Retreat: PM Lee, Jokowi to speak on ties, witness agreement signingstraits_times Excellent.

Vivian Balakrishnan to miss Leaders' Retreat in Bintan after receiving COVID-19 health risk warningSINGAPORE: Singapore's Minister for Foreign Affairs Vivian Balakrishnan will not travel to Bintan for the fifth Singapore-Indonesia Leaders' Retreat on Tuesday (Jan 25) a

Singapore and Indonesia have signed a ‘balanced’ set of agreements that addresses 3 longstanding issues: PM LeeBINTAN: Singapore and Indonesia have signed a “balanced” set of agreements that addresses the “longstanding” bilateral issues of Flight Information Region (FIR), defence cooperation and extradition of fugitives, Prime Minister Lee Hsien Loong said on Tuesday (Jan 25). Hahaha! 'Balanced'? Loong has given away the sky over Indonesian islands! Stupid.

Visitors to Singapore fall to record low in 2021SINGAPORE - Singapore had record low international arrivals in 2021, but saw signs of recovery after introducing a quarantine waiver system for vaccinated visitors and offering cash vouchers, its tourism authority said on Tuesday (Jan 25). Singapore had 330,000 international arrivals in 2021, the lowest since the Singapore Tourism Board (STB) started tracking the numbers in the 1970s, data showed.... Pls dun come, we hv enuf C+ imports

5,996 new Covid-19 cases, 2 deaths reported in SingaporeSINGAPORE — Singapore reported 5,996 new Covid-19 cases as of noon on Tuesday (Jan 25), comprising 5,578 local and 418 imported infections.

Copy to clipboard https://str.LinkedIn SINGAPORE: Singapore’s tourism numbers hit new lows in 2021, but there have been “encouraging signs of recovery” amid the introduction of vaccinated travel lanes (VTLs) and strong domestic consumption, said the Singapore Tourism Board (STB) on Tuesday (Jan 25).Copy to clipboard https://str.fifth Singapore-Indonesia Leaders' Retreat on Tuesday (Jan 25) after receiving a COVID-19 health risk warning.

sg/wd4N SINGAPORE - A free trade agreement struck on Wednesday (Jan 26) between Singapore and a bloc of countries consisting of Chile, Colombia, Mexico and Peru is set to give Singapore greater access to what is collectively the world's eighth largest economy, scrapping most tariffs on goods and allowing Singapore companies to bid for government projects in the Americas. The Pacific Alliance-Singapore Free Trade Agreement, or Pasfta, is Singapore's first direct free trade agreement with the Pacific Alliance, a bloc with a combined gross domestic product of more than $2.9 billion in tourism receipts – much lower than the 2.6 trillion. They are also expected to speak at a joint press conference and give an update on the two countries' wide-ranging bilateral relationship, which spans financial and economic cooperation, the green economy and energy, and human capital development. It caps off negotiations that had lasted more than four years, and is the first to be completed while the Pacific Alliance continues similar discussions with Australia, Canada, Japan and New Zealand.8 billion in receipts in 2020. Hailing the successful completion of the talks, Prime Minister Lee Hsien Loong said in pre-recorded remarks for the 16th Pacific Alliance Summit on Wednesday:"This is a landmark moment in Singapore's partnership with the Pacific Alliance. Dr Balakrishnan said Senior Minister of State for Foreign Affairs Sim Ann would stand in for him at the retreat.

Our two regions are in fact more connected than people imagine.7 billion in receipts from before the COVID-19 pandemic in 2019. PM Lee and Mr Widodo will also endorse the announcement of several memorandums of understanding (MOUs) signed ahead of the annual retreat, which was not held in the last two years because of the Covid-19 pandemic. "Let us encourage our businesses and our peoples to take advantage of this enhanced relationship to explore opportunities in each other's regions." More than 100 Singapore companies currently operate in the Pacific Alliance, including e-commerce platform Shoppee and high-tech software company Taiger. “The introduction of various travel arrangements, such as VTLs , has encouraged the gradual return of international travellers. Imports from the bloc include avocados from Mexico and blueberries from Peru. Shanmugam; Transport Minister S. In return, Singapore has exported machinery and minerals to Peru, turbo jets and gas turbines to Chile and vehicle parts to Colombia. Mr Keith Tan, STB’s chief executive, added that while it will take time for tourism numbers to return to pre-pandemic levels, they are encouraged by the resilience of tourism businesses in transforming their businesses and creating new products. The set of agreements includes a realignment of the boundary between Jakarta Flight Information Region (FIR) and Singapore FIR, as well as a treaty for the extradition of fugitives.

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. Under its current form, goods will be more smoothly processed at customs and Singapore service providers and investors treated as favourably as those from the bloc in Pacific Alliance countries. But I am confident that the tourism industry has learnt from its experiences, and is poised to recapture demand when it returns. Both Singapore and Pacific Alliance member states will also have to publish their government projects in a timely and non-discriminatory way so that suppliers can submit a bid with enough time for preparation. Investors and business visitors can enter the Pacific Alliance for 30 days. Tourism receipts for the second and third quarter of 2021 also nearly doubled from the same period a year before. 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.

Some 85. In the first nine months of 2021, tourism receipts reached S$1.7 per cent of tariff lines the nation of 50.8 million people now has on Singapore goods will either be reduced or eliminated, the MTI has estimated. As for domestic tourism, about at least once, resulting in S$300 million in voucher transactions – S$120 million of which were out-of-pocket payments for bookings. More On This Topic World's largest free trade agreement RCEP kicks in PM Lee said he hopes the agreement will also encourage more Pacific Alliance businesses to come here. They can use Singapore as a hub to explore economic opportunities in the region, he said, following precedents set by Colombian petrol company Ecopetrol, Mexican building materials supplier Cemex and Chilean mining company Codelco. Overall, the hotel industry saw an average occupancy rate of 56.

"Like the galleons that sailed across the Pacific and sustained trade between Asia and Latin America (500 years ago), the Pasfta will propel greater cross-Pacific links and grow our partnership further," PM Lee said. "It demonstrates our shared commitment to improve the lives of people in both our regions. This was 1." More On This Topic S’pore, UK agree on digital economy deal that will cut costs and red tape in trade The Pacific Alliance countries currently account for one-third of Singapore's total trade and investment with Latin America and the Caribbean. According to S&P Global Ratings, the average growth of the bloc is expected to be 3. The resumption of meetings, incentives, conferences and exhibitions (MICE) events also picked up pace in 2021.3 per cent over the next five years, higher than the regional average of 2.

5 per cent. These included pilot events to testbed new protocols, such as the Bloomberg New Economy Forum . MTI noted that the agreement also includes a chapter on international maritime transport services, a first for Singapore free trade agreements. This could help link Singapore and the bloc more closely by sea and increase training and education opportunities for those in the maritime industry. As for leisure and lifestyle events, the statutory board added that it will also “expand the range and scale” of such events in 2022 “to meet local demand and ensure that Singapore remains attractive to international visitors”. More On This Topic .