Trade Agreements Between Canada And Singapore

Bilateral relations between Canada and Singapore are very varied and are characterized by cooperation in a wide range of areas, including trade, security and defence, education, science and technology, and Arctic issues. [1] In July 1990, Canadian Prime Minister Brian Mulroney travelled to Singapore to attend the 2nd APEC Summit. In 1997, Singaporean Prime Minister Goh Chok Tong travelled to Canada to attend the 9th APEC Summit in Vancouver. In November 2009, Canadian Prime Minister Stephen Harper travelled to Singapore to attend the 21st APEC Summit. Url: Learn more about Canada`s trade and investment agreements: types of contracts and how trade and investment agreements are gradually evolving. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world. This page examines Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), multilateral agreements and World Trade Organization (WTO) agreements. Note: The texts of the treaty on this page are exclusively for information; the official texts of the treaties are published in the „Treaty of Canada“ series. Existing bilateral agreements between Singapore and Canada are important in reducing trade and investment barriers between the two countries. Among them, Canada-Singapore relations refer to the current and historic relationship between Canada and the Republic of Singapore. Both nations are members of the Asia-Pacific Economic Cooperation, the United Nations Commonwealth and the United Nations. Based on business interests, Enterprise Singapore works closely with Singapore trade associations, such as the Singapore Business Federation, to organize trade missions to Canada.

Free trade agreements are treaties that facilitate trade and investment between two or more economies. Singapore has an open economy, fuelled by trade in goods and services. Over the years, it has established an extensive network of 25 agreements implemented. In 2018, two-way trade between the two nations amounted to $2.53 billion. [1] Canada`s major exports to Singapore include: mechanical machinery; electrical machinery and equipment; scientific and precision instruments. Singapore`s main exports to Canada include: machinery and electrical installations; scientific and precision instruments; mechanical machines. In 2018, Singapore was Canada`s top destination in Southeast Asia for Canadian direct investment abroad and the largest source of foreign direct investment from Southeast Asia. [1] Bilateral cooperation is highly diverse and covers cyber security, infrastructure, education, science and technology, trade, defence and people-to-people exchanges. Singapore and Canada also have close ties through our membership in the community of nations. As an observer at the Arctic Council, Singapore is also working with Canada to explore common initiatives to advance the Work of the Council.