Canada-Singapore
Free Trade Agreement Negotiations
As Singapore is a strategically placed trading partner, a free trade agreement (FTA) has the potential to yield meaningful economic benefits for Canada and British Columbia, especially in the areas of investment and services.
Canadian and Singaporean officials met on August 13-15, 2007, in Ottawa, for the eighth round of negotiations. Despite progress made, more work remains to be done on issues such as market access for services and investment in order to secure a satisfactory outcome for Canadians. Negotiations cover a wide range of topics, including trade in goods, trade in services, financial services, investment, government procurement, dispute settlement and competition policy. Labour and environmental issues are addressed in parallel meetings in fulfillment of Canada's intention to pursue side agreements with Singapore in these areas.
In 2010, British Columbia exported $656 million of goods to Southeast Asia.
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